RR No. 27-2020: Suspends the filing and 90-day processing of Value-Added Tax (VAT) Refund claims anchored under Section 112 of the Tax Code of 1997, as amended, in relation to Section 4(tt) of RA No. 11494 (Bayanihan to Recover as One Act)

Summary

RR No. 27-2020 suspends the filing and 90-day processing of VAT refund claims under Section 112 of the Tax Code whose prescription falls during the effectivity of RA No. 11494 (Bayanihan to Recover as One Act).

Key points

1. Period of suspension. The suspension lasts until the next adjournment of the Eighteenth Congress on December 19, 2020.
2. Extended filing deadlines. Calendar quarter ending September 30, 2018: December 31, 2020. Fiscal quarter ending October 31, 2018: January 15, 2021. Fiscal quarter ending November 30, 2018: January 31, 2021. Calendar quarter ending December 31, 2018: February 15, 2021.
3. Areas under ECQ or MECQ. If the filing deadline falls within an ECQ or MECQ period, filing is extended for thirty (30) days after the lifting. The 90-day processing period is suspended during the ECQ or MECQ and resumes thirty (30) days after it is lifted.
4. Temporary office closure. If a processing office closes temporarily due to COVID-19 under Civil Service Commission Memorandum Circular No. 05, s. 2020, the 90-day processing is suspended until the last day of the quarantine period for that office.
5. Effectivity. The Regulations take effect immediately and remain in force only until December 19, 2020. Section 5 continues until the President lifts the national emergency declaration on COVID-19.

Who is affected

• Taxpayer-claimants of VAT refunds under Section 112 of the Tax Code

Deadlines and effectivity

• In force until December 19, 2020
• Section 5 continues until the COVID-19 national emergency is lifted
• Filing deadlines extended to December 31, 2020, January 15, 2021, January 31, 2021 and February 15, 2021

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