FREQUENTLY ASKED QUESTIONS RELATED TO ANNUAL INCOME TAX RETURN FOR THE TAXABLE YEAR 2020
1. Pwede pa po bang mag-amend ng Annual ITR? Nakapag-file na po ako bago mag-April 15, 2021 pero tentative AITR lang po ang ipinasa ko. Hanggang kailan po ba pwede mag-amend?
ANSWER: The return may be amended on or before May 15, 2021. Provided that your amended returns will result in an overpayment which can be carry over as a tax credit for the same tax type in the succeeding period, or you can also file for a refund. (Source: RMC 46-2021)
2. Kailangan pa bang magpatatak ng "RECEIVED" at magpasa ng mga attachments sa RDO? Kailan ang deadline?
ANSWER: There is no need to have your electronically filed AITR received by the BIR as long as you secure confirmation via email. Submission of required attachments can be done online or via email. The process of submission may vary depending on your attachments*. It may be submitted through eAFS or sending it via email to: esubmission@bir.gov.ph and it must be submitted within 15 days from the deadline of filing or date of electronic filing of the returns, whichever comes later. (Source: RMC 4-2021)
*Taxpayers with required attachments to their duly filed and paid tax returns, such as Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax (SAWT) required under BIR Form Nos. 1701, 1701A, 1701Q, 1702Q, 1702RT and 1702MX or Quarterly Alphalist of Payees (QAP) required under BIR Form No. 1601EQ and 1601FQ (which shall be prepared using the Data Entry Module) or Monthly Alphalist of Payees (MAP) required under BIR Form No. 1600 or the Summary List of Sales (SLS)/Summary List of Purchases (SLP)/Summary List of Importation (SLP) for all VAT taxpayers required under BIR Form No. 2550Q (which shall be prepared using the RELIEF) shall be submitted through esubmission@bir.gov.ph. However, for attachments to Annual/Quarterly ITRs duly filed electronically, an additional option is given to taxpayers otherwise not required to submit via SAWT their claimed tax credits per existing regulations. They may submit via Electronic Audited Financial Statement (eAFS) system the claimed tax credit certificates in lieu of attaching the physical copy of their claimed tax credits in the Quarterly ITRs. The email confirmation received from eAFS shall serve as proof of submission of said attachments. Other submissions made through SAWT shall continue to observe procedures per existing regulations.
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DISCLAIMER:
Any information published on this blog is of general nature, not intended to be personalized advice, and not intended to be a substitute for professional advice. Please seek tax advice from professionals such as, but not limited to, BIR Accredited Tax Practitioners, CPA/Certified Public Accountants, and/or Tax Consultants.
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