RR No. 7-2020: Implements Section 4 (z) of RA No. 11469 (Bayanihan to Heal as One Act), particularly in the extension of statutory deadlines and timelines for the filing and submission of any documents and the payment of taxes

Key points

1. No prejudice to earlier filings. The extension does not affect submissions or filings made before the Regulations were enacted. Taxpayers who still opt to follow the original Tax Code deadlines may do so.
2. Further extension. The Commissioner of Internal Revenue may extend the deadlines further if circumstances warrant or as directed by the Secretary of Finance.

Who is affected

• Taxpayers with deadlines for documents, returns and tax payments specified in the Regulations