RMC No. 32-2010: Prescribes the policies relative to the acceptance of “Out-of-District” Income Tax Returns

Summary

RMC No. 32-2010 sets the policy on accepting out-of-district Income Tax Returns (ITRs). Starting April 13, 2010, Authorized Agent Banks and Revenue Collection Officers may no longer accept them without the applicable penalties.

Key points

1. Penalty. Taxpayers in violation pay a penalty of 25% of the amount due under Section 248 of the Tax Code, as implemented under Section 4, 4.1.2 of RR No. 12-99.
2. Exception. No penalty applies to taxpayers who filed their ITRs and paid the Income Taxes due outside their registered Revenue District Office from April 5 up to April 12, 2010, pursuant to Bank Bulletin No. 2010-11.

Who is affected

• Taxpayers filing out-of-district ITRs
• Authorized Agent Banks and Revenue Collection Officers

Deadlines and effectivity

• Effective April 13, 2010
• No penalty for filings made April 5 to April 12, 2010

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.