MANILA, Philippines — As quarantine restrictions gradually eased despite a prolonged pandemic, the deadline to file and pay 2020 taxes in April this year stays even as a legislator may seek a one-month extension in case tax managers cannot immediately adjust corporate income taxes to reflect possibly lower rates.
Out of the Bureau of Internal Revenue’s (BIR) P2.08-trillion collection target for 2021, Revenue Memorandum Order No. 7-2021 issued by Commissioner Caesar R. Dulay assigned the biggest monthly goal of P235.24 billion in April, as the mandatory income tax filing and payment deadline fall on that month.
Last year, BIR pushed back the April 15 deadline three times and…
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