The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 7-2020 (RR 7-2020) dated 27 March 2020 to implement Section 4(z) of Republic Act No. 11469 otherwise known as “Bayanihan to Heal as One Act.” Under RR 7-2020, the BIR extends the statutory deadlines and timelines for the filing…
On 30 March 2020, in light of the declaration of a State of National Emergency, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 34-2020 (RMC 34-2020) to suspend the running of the statute of limitations on the period to assess and collect taxes under Section 203 and…