Palace urges early payment of income tax to help fight COVID-19 outbreak

Published March 19, 2020, 12:00 AM

by manilabulletin_admin

By Genalyn Kabiling 

Malacañang urged taxpayers who prepared for the early filing of income tax returns to do so, saying the additional revenues will help government in the fight against the coronavirus outbreak.

Presidential spokesman Salvador Panelo issued the appeal as the April 15 deadline for the filing of ITR has been extended to May 15.

Presidential Spokesman Salvador Panelo (OPS / MANILA BULLETIN)
Presidential Spokesman Salvador Panelo
(OPS / FILE PHOTO / MANILA BULLETIN)

“Taxpayers who have prepared early and are already ready to file their returns may, however, do so through accessible means, such as but not limited to, online filing,” he said in a statement Thursday.

“Given that taxation is the lifeblood of our country and is used to, among others, support our government such as in times of crisis, our receipt of tax payments from those who are able (should their locations and surrounding circumstances allow) is vital,” he added.

Even though an extension on the ITR filing has been allowed, Panelo reminded the public about their patriotic duty to pay the right taxes.

“While the Office of the President is confident that our revenue officers would still be able to meet their tax collection targets, it also calls on everyone to do their patriotic duty of paying their taxes faithfully, once the situation enables them,” he said.

The Bureau of Internal Revenue has agreed to extend the deadline for the filing of the 2019 ITR by one month amid appeals from some lawmakers and groups concerned about the impact of the coronavirus threat on taxpayers.

Panelo said the revenue agency would not impose any penalties during the extended filing season.

“The one-month extension aims to provide ample time for Filipino taxpayers to prepare the requirements needed in their tax filing, which the government fully understands given the extraordinary conditions that presently beset the country amid its campaign against the spread of the coronavirus disease 2019 (COVID-19),” he said.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news","news"]
[2012634,3002249,3002081,3002157,3002136,3002129,3002114]