RR No. 11-2020: Amends Section 2 of RR No. 10-2020 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)

Summary

RR No. 11-2020 amends Section 2 of RR No. 7-2020, as amended by Section 2 of RR No. 10-2020, on the extended deadlines for filing documents and paying taxes under Section 4(z) of RA No. 11469 (Bayanihan to Heal as One Act).

Key points

1. Nationwide coverage. The extended due dates apply throughout the Philippines. If a new due date falls on a holiday or non-working day, the filing or submission is made on the next working day.
2. Meaning of quarantine. The term quarantine covers any National Government announcement that limits operations and mobility. This includes community quarantine, enhanced community quarantine, modified community quarantine, and general community quarantine.
3. Further quarantine extension. If the quarantine is extended again, the extended due dates in Section 2 of the Regulations get another fifteen (15) calendar days.
4. 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.
5. 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

• Further extension: fifteen (15) calendar days if quarantine is extended again

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