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RMC No. 46-2021: Clarifies the deadline of filing of Annual Income Tax Returns (AITR) for Taxable Year ending December 31, 2020; provides guidelines in the manner of filing thereof, including the use of electronic signature; and reiterates availability of eAFS

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Summary

RMC No. 46-2021 clarifies the deadline for filing Annual Income Tax Returns (AITR) for the taxable year ending December 31, 2020, and gives guidelines on filing, including use of electronic signature.

Key points

  1. Deadline not extended. The deadline for filing the AITR and paying the tax due stays at April 15, 2021. A tentative AITR may be filed on or before the deadline.
  2. Amended returns. The return may be amended on or before May 15, 2021 without increments. If the amended return results in overpayment, the taxpayer may carry the overpaid tax over as credit against the same tax type in the succeeding period or file for refund.
  3. Electronic signature. Under RA No. 8792 (Electronic Commerce Act of 2000), the returns, attachments and documents may be signed by the taxpayer or authorized signatory with an electronic signature. It is deemed equivalent to a wet signature for filing purposes.
  4. eAFS option. The Electronic Audited Financial Statement (eAFS) facility remains available as an option for submitting hard copies of electronically-filed AITRs and attachments.

Who is affected

  • Taxpayers filing AITR for the taxable year ending December 31, 2020

Deadlines and effectivity

  • AITR filing and payment: April 15, 2021
  • Amendment without increments: on or before May 15, 2021

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

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.