Summary
RR No. 32-2020 further amends Section 3 of Revenue Regulations No. 4-2019, as amended, extending the period to avail of the Tax Amnesty on Delinquencies until June 30, 2021.
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Key points
- Coverage. All persons, natural or juridical, with internal revenue tax liabilities covering taxable year 2017 and prior years may avail under any of the listed instances.
- Availment period. Availment is allowed within one (1) year from effectivity of the Regulations or until June 30, 2021. The date may be extended if circumstances warrant, such as a country-wide economic or health reason.
Who is affected
- All persons, natural or juridical, with internal revenue tax liabilities for taxable year 2017 and prior years
Deadlines and effectivity
- Availment until June 30, 2021, extendable if circumstances warrant
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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