BIR urges taxpayers to file income tax returns on time

Jacque Manabat, ABS-CBN News

Posted at Apr 12 2018 07:43 PM | Updated as of Apr 12 2018 08:11 PM

MANILA – The Bureau of Internal Revenue (BIR) on Thursday said there will be no extension of the deadline for filing of income tax returns (ITRs) after it was moved to Monday, April 16.

The deadline was moved because the original date, April 15, falls on a Sunday, BIR director II for NCR Marina De Guzman said. 

“Do not wait for April 16, and those availing the e-filing, baka sabihin nila pag nagkasabay-sabay nagbog-down ang system," De Guzman said.

Taxpayers can settle their dues online by using BIR's E-registration System, which accepts online, credit card, debit cards and mobile payments.

Failure to meet the deadline will result in penalties amounting to 25 percent surcharge, the BIR said.

Tax collections last March rose 16.81 percent compared to the same month last year, the BIR said, adding that the government collected a total of P422.59 billion pesos in just 3 months after the new tax reform law was implemented.