BIR extends tax payment deadline

Posted at 08/10/12 8:11 AM

MANILA, Philippines - The Bureau of Internal Revenue (BIR) has extended its deadline for the payment of certain monthly taxes supposedly due today (Aug. 10) to Aug. 13 for affected revenue district offices (RDO) and authorized agent banks (AAB).

BIR Commissioner Kim Henares said in a revenue memorandum circular that extension of the deadline is due to “continuing bad weather condition.” Torrential rains that caused heavy flooding in various parts of Manila since Sunday shut down banking operations and financial markets on Tuesday and resulted in the suspension of classes and work in both the public and private sector.

Among the taxes due today are the monthly income tax, value-added tax, creditable income tax, withholding tax and the excise tax for the sale of gold and other metallic mineral products by small-scale miners to the Bangko Sentral ng Pilipinas (BSP).

In the revenue memorandum circular issued yesterday, Henares said the extension of the deadline covers the BIR’s RDOs 1,2,3,4,5 and 6 under the BIR office in Calasiao, Pangasinan; RDOs 17A, 17B, 18, 19, 20, 21A and 21B under the BIR office in San Fernando, Pampanga; RDOs 24, 25A, 25B, 26 and 27 under the BIR office in Caloocan City; RDOs 29, 30, 31, 32, 33 and 34 under the BIR office in Manila; RDOs 28, 38, 39, 40, 41, 42, 43A, 43B, 45 and 46 under the BIR office in Quezon City; RDOs 54A, 54B, 55, 56, 57, 58, 60, 61 and 63 under the BIR office in San Pablo, Laguna and the Large Taxpayers office in Makati.

Henares said the new deadline shall not be extended.

The BIR is stepping up efforts to boost collections to meet its P1.06 trillion target.

The agency collected P81.34 billion in taxes in June, surpassing the P75.4-billion target set for the month by 7.88 percent, according to the latest data from the BIR.

The June 2012 collections also exceeded year-ago figures by P14.44 billion or 21.58 percent, the BIR said.

The latest tax-take brought the BIR’s January to June revenues to P521.16 billion, higher by P63.16 billion or 13.79 percent compared to the collections in the same period last year.