In light of the extensive damage inflicted by Typhoon Kristine, the Bureau of Internal Revenue (BIR) has formally announced a significant extension regarding the filing and payment of Value Added Tax (VAT). The deadline has been revised from October 25, 2024, to October 31, 2024, in order to provide essential relief to taxpayers adversely affected by the disaster.
Consequences of Typhoon Kristine
Typhoon Kristine has caused considerable devastation across various regions in the Philippines, severely disrupting business operations and economic activities. Acknowledging the substantial challenges faced by the community, the government has implemented supportive measures aimed at alleviating the financial burden on taxpayers.
Extension Details
Original Deadline: October 25, 2024
New Deadline: October 31, 2024
Legal Justification for the Extension
This extension is regulated under Revenue Memorandum Circular (RMC) No. 119-2024, which facilitates the postponement of deadlines for the filing of tax returns and the payment of corresponding taxes, as well as the submission of requisite documents for taxpayers within the jurisdiction of Revenue District Offices of the Bureau of Internal Revenue impacted by Typhoon "Kristine."