Tax amnesty deadline extended for fifth time

The Department of Finance has given delinquent taxpayers the opportunity to have more time to settle their deficiencies as part of the government’s efforts to ease the taxpayers’ burden amid the novel coronavirus disease pandemic.

The DOF has extended until June 2021 the respective deadlines for people to avail themselves of the Tax Amnesty on Delinquencies and Voluntary Assessment and Payment Program.

Finance Undersecretary Antonette Tionko said, “By further extending the two programs, we hope to help more taxpayers settle their tax deficiencies amid the pandemic.”

This is the fifth time the deadline for the TAD has been extended to give more time for taxpayers to settle their liabilities from the years 2017 and earlier.

The tax amnesty on delinquencies cover all national taxes including capital gains tax, documentary stamp tax, donor’s tax, excise tax, income tax, percentage tax, value-added tax and withholding tax.

Source: https://www.philstar.com/business/2020/12/23/2065679/tax-amnesty-deadline-extended-fifth-time

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