Thursday, March 30, 2017 — The Bureau of Internal Revenue (BIR) announces extension of 2016 Income Tax Returns (ITR) filing from April 15 to April 17, 2017.
The Bureau of Internal Revenue had issued Revenue Memorandum Circular No. 28-2017, which marks the official announcement for the rescheduling of ITR filing deadline.
According to Neri Yu, BIR Chief Legal Officer for Central Visayas, the deadline was moved due to the fact that April 15 falls on Black Saturday, a non-working holiday.
In a statement on SunStar Cebu, he said:
He also added:
More Time to Prepare
Taxpayers should take the advantage of this re-scheduled deadline for filing ITRs. Remember that you can choose via any of the following methods in processing your income tax returns:
1. Electronic BIR Forms (eBIRForms)
2. Electronic Filing and Payment System (eFPS)
Penalties Incurred for Late FIling
BIR Commissioner Caesar R. Dulay also reminded the taxpayers that there would never be any extensions when it comes to filing these returns, and that failure on filing ITRs may result to penalties such as 20% interest per year and a 25% surcharge.
In a recent tax launch campaign in Legazpi City, the commissioner requested that taxpayers must make sure that they are declaring the correct income, in order to avoid being charged with tax evasion.
In his closing remarks, he said:
“Change must come from us and we should do our share in nation-building. I humbly appeal to all you to support the goals of this administration by paying your taxes correctly and on time. Help us achieve our goal or even go beyond it so we can share more to our fellowmen especially the poor. This is the call for change, ‘Para sa Tunay na Pagbabago Para sa Bayan – for our sake and for the sake of countrymen.”