Summary
RMC No. 85-2010 announces a grace period for filing BIR Form No. 1947.
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Key points
- Who gets the grace period. Qualified managerial or technical employees now employed by a Regional or Area Headquarters or Regional Operating Headquarters, who opt for the 15% preferential Income Tax rate on their salaries for calendar year 2010, are covered. They are the employees required to file BIR Form No. 1947 under RR No. 11-2010 and RMC No. 82-2010.
- Extended date. These employees have until November 30, 2010 to file the form.
Who is affected
- Qualified managerial or technical employees of Regional or Area Headquarters and Regional Operating Headquarters opting for the 15% rate for calendar year 2010
Deadlines and effectivity
- Filing of BIR Form No. 1947: until November 30, 2010
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.