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Tax amnesty deadline extended to end-June


December 23, 2020 | 12:32 am
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PHILIPPINE STAR/KRIZ-JOHN ROSALES
TAXPAYERS will have until June next year to apply for the tax amnesty program on delinquencies and the Voluntary Assessment and Payment Program (VAPP).
Bureau of Internal Revenue (BIR) Commissioner Caesar R. Dulay issued Revenue Regulations (RR) No. 32-2020 to extend the validity of the tax amnesty on delinquencies to June 30, 2021 from the previous Dec. 31, 2020 deadline.
This marked the fourth time the BIR extended the program’s deadline from the original April 23 deadline.
BIR Deputy Commissioner for Operations Arnel SD. Guballa told
BusinessWorld in a text message that the tax amnesty program on delinquencies generated P3.544 billion in revenues since the program began in April 2019. ....

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DOF extends VAPP deadline up to June 30, 2021


Published December 22, 2020, 3:28 PM
The Department of Finance (DOF) has extended the deadline for the availment of the Voluntary Assessment and Payment Program up to June 30, 2021.
Earlier, the DOF also moved the deadline of the tax amnesty on delinquencies for another six months, or from Dec. 31, 2020 to June 30, 2020.
VAPP allows delinquent taxpayers to voluntarily settle tax liabilities incurred in 2018 to avoid paying penalties when tax authorities uncovered deficiencies during investigation.
The BIR said it has already raised more than P200 million from VAPP.
Many of those who availed themselves of the program were owners of small and medium scale businesses.
The VAPP regulations stated that taxpayers whose applications are rejected may still appeal with the regional director or the assistant commissioner for the Large Taxpayers Service where they are registered. ....

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