Summary
RMC No. 16-2022 clarifies the scope and coverage of the deadline extension granted under RR No. 1-2022, Section 2, items (1) and (3).
Key points
- Documents and returns covered. Item 1 covers all required documents, including Inventory Lists, and all tax returns and information returns, including Alphalists. It also covers registration of books of accounts.
- VAT refund claim filing. The thirty (30) day extension also applies to an applicant registered in an Alert Level 1 or 2 area, if the venue of filing is in an area under Alert Level 3 or higher. This applies to claims filed with the VAT Credit Audit Division.
- VAT refund processing period. The extension also applies to the processing period. A claim filed on December 15, 2021 has a 90-day period ending March 14, 2022, which moves to April 13, 2022 (30 days from March 14, 2022) because of Alert Level 3 in the National Capital Region.
- Offices covered. The extension for all Section 2 items applies to taxpayers under Revenue Regional Offices, Revenue District Offices and Large Taxpayers Services offices classified under Alert Level 3 or higher by the IATF in January 2022.
Who is affected
- Taxpayers under offices classified Alert Level 3 or higher by the IATF in January 2022
- VAT refund applicants filing in Alert Level 3 or higher areas
Deadlines and effectivity
- VAT refund filing extension: thirty (30) days
- Example: processing period moves from March 14, 2022 to April 13, 2022
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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