By Jun Ramirez
Taxpayers with tax debts have until the end of the year to avail themselves of the tax amnesty on delinquencies (TAD).
Commissioner Caesar Dulay of the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 61 2020 stretching the due date from June 20,
2020 to Dec. 31, 2020.
It was the third extension resulting from the coronavirus community quarantine.
The TAD covers liabilities incurred in 2017 and prior years.
It offers huge discounts ranging from 40 to 60 percent of the basic assessment, waiving surcharge, interest and other penalties.
Negligent tax withholding agents may avail themselves of the same , but must return 100 percent of the unremitted collection which already belonged to the government.
Otherwise, they will be criminally liable to be charged with estafa.
The highest amnesty payment of 60 covers cases awaiting judgement by the Department of Justice, the.prosecutor’s office and the course.