RR No. 06-99: Extends the deadline until July 15, 1999 for the availment of immunity from audit or investigation of Income Tax, VAT and Percentage Tax returns under the Economic Recovery Assistance Program (ERAP)

Key points

1. Income tax returns due April 15, 1999. The extension covers Income Tax Returns for Taxable Year 1998, whether on calendar year or fiscal year basis, due for filing as of April 15, 1999.
2. Fiscal year corporations. It also covers Taxable Year 1998 Income Tax Returns of corporations using a fiscal year accounting period that are due for filing before July 15, 1999.
3. VAT and Percentage Tax. VAT and Percentage Tax Returns covering all quarters of calendar year 1998 are covered too.

Who is affected

• Taxpayers filing 1998 Income Tax, VAT and Percentage Tax returns under the ERAP Program

Deadlines and effectivity

• Extended deadline: July 15, 1999