BIR, SEC and PEZA NCOV-19 Related Issuances

By: Hergie Ann De Guzman

(Update as of March 23, 2020)

The entire Luzon was placed under Enhanced Community Quarantine as declared by President Rodrigo R. Duterte on March 16, 2020, for the prevention of the continuous spread of the Novel Corona Virus Disease (NCOV-19). While the Community Quarantine was being implemented, business owners and taxpayers are left with very limited actions for the continuance of their usual business and for the compliance of the statutory deadlines of certain returns and reports. To address these concerns, different government agencies such as Bureau of Internal Revenue (BIR), Securities and Exchange Commission (SEC), and Philippine Economic Zone Authority (PEZA) have released issuances and advisories. Below are the issuances/ advisories from each agency:

Revenue Issuance	Description	RMC Date	Date of Issuance
RMC 25-2020	No Extension for the Filing and Payment of 2019 Income Tax Return	March 16, 2020	March 17, 2020
RMC 26-2020	Filing and Payment of Certain Taxes Due	March 17, 2020	March 17, 2020
RMC 27-2020	Extension of Deadline for VAT Refund Applications for Quarter 1 2018 and the 90-day Processing Period	March 17, 2020	March 18, 2020
RMC 28-2020	Extension in the Filing of 2019 Income Tax Returns and Required Attachments	March 18, 2020	March 18, 2020
RMC 29-2020	Filing and Payment of Certain Taxes Due, as an amendment to RMC 28-2020	March 19, 2020	March 19, 2020
RMC 30-2020	Filing and Payment of Certain Taxes Due, as an amendment to RMC No. 29-2020 and Clarification on RMC No. 28-2020	March 23, 2020	March 23, 2020
RMC 31-2020	Extension of the Period of Submission of Filing of Documents and Correspondences	March 23, 2020	March 23, 2020
RMC 32-2020	Extension on Deadline of Filing Certificate of Residence for Tax Treaty Relief (CORTT) Forms	March 20, 2020	March 23, 2020

SEC
- Memorandum Circular (MC) No. 05-2020 – Extension on the Submission of Audited Financial Statements

PEZA
- MC No. 2020-011 – PEZA Assistance to Ecozone IT Enterprises in Responding to COVID-2019; and,
- MC No. 2020-012 – PEZA Services, Assistance and Advisory Re: COVID-19 Situation

We have summarized the extension of deadlines and modes of submission based on the content of the above issuances for easy reference. Please feel free to view the file here.

Updates

REPUBLIC ACT NO. 12066 – CREATE MORE ACT

Revenue Memorandum Circular No. 115-2024

Revenue Memorandum Circular No. 113-2024

8 Features of Republic Act No. 12023 – VAT on Digital Services Law Philippines

Republic Act No. 12023 – VAT on Digital Services Philippines

7 Features of Staff Leasing in the Philippines

Revenue Memorandum Circular No. 109-2024

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BIR, SEC and PEZA NCOV-19 Related Issuances

Oct 09 - Oct 10, 2024

Oct 11, 2024

Oct 15, 2024

Oct 16, 2024

Oct 29 - Oct 30, 2024

Nov 12, 2024

Nov 13, 2024

Nov 14, 2024

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