BIR extends VAT refund deadlines

Published June 28, 2020, 12:00 AM

by manilabulletin_admin

By Jun Ramirez

The Bureau of Internal Revenue (BIR) has given value-added taxpayers (VAT) more time to submit input refund claims due to the unprecedented disruption caused by the Coronavirus.

Bureau of Internal Revenue  (MANILA BULLETIN)
Bureau of Internal Revenue

In issuing Revenue Regulations No. 16-2020, BIR Commissioner Caesar Dulay extended the deadlines and prescribed separate due dates in the submission of refund applications.

The new deadlines are: July 15, 2020 for those with calendar quarter ending March 31, 2018; July 31, 2020 for fiscal quarter ending April 18, 2918; August 15, 2020 for fiscal year ending May 31, 2018 and August 31, 2020 for those with calendar year ending June 30, 2018.

The Tax Code prescribed that excess input VAT can be claimed two years after such payments were remitted.

The new schedule of deadlines apply only to areas declared as general community quarantine (GCQ), or modified GCQ.

Taxpayers under enhanced community quarantine (ECQ), or modified ECQ may submit their claims 30 days from the lifting of such restrictions.

Dulay said the deadlines were extended to ease the burden of preparing the refund documents and submission.

It would also avoid crowding at the BIR filing centers which is still operating with skeletal force due to the health crisis.