RR No. 12-2020: Amends Section 2 of RR No. 10-2020, as amended by RR No. 11-2020,  relative to the extension of statutory deadlines and timelines for the filing and submission of any document and the payment of taxes pursuant to Section 4 (z) of RA No. 11469 (Bayanihan to Heal As One Act)

Key points

1. Repeal of Section 3. Section 3 of RR No. 10-2020, as amended by Section 3 of RR No. 11-2020, is repealed. The extended due dates in Section 2 of RR No. 11-2020 therefore stay in effect whatever extension or modification of the quarantine follows.
2. Nationwide coverage. The extended due dates apply throughout the Philippines. If a new due date falls on a holiday or non-working day, filing is made on the next working day.
3. Amended returns. Returns filed within the original deadline or before the extended deadline may be amended on or before the extended due date. Additional tax from the amendment can be paid by that date without surcharge, interest or compromise penalties.
4. Overpayment from amendment. If an amended return shows overpaid tax, the taxpayer may carry it over as credit against the same tax type in succeeding periods, besides filing a refund claim.

Deadlines and effectivity

• Deadlines: those set in Section 2 of RR No. 11-2020