MANILA, Philippines — The April 15 deadline to file and pay income tax returns (ITRs) stays, giving limited time to corporate taxpayers which may scramble to adjust their 2020 payments to the lower rates provided as a relief amid the pandemic-induced recession under the newly signed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.
While Albay Rep. Joey Salceda earlier proposed to extend the tax deadline given that the Congress-approved CREATE bill was transmitted to the Office of the President only early this year, the House ways and means committee chair told the Inquirer Saturday that “we need the cash” hence must stick to the cut-off date.
“We recommended it …
Keep on reading: April 15 tax deadline stays while gov’t mulls options for corporate taxpayers to reflect CREATE relief