CITY Council’s committee on Ways and Means chair Councilor George Goking on Monday reminded taxpayers to submit their Income Tax Returns (ITRs) for 2022 sooner than its expected deadline to avoid penalties in late filing.
Goking said the deadline was initially moved to April 18 since the previous cutoff fell Friday last week, which was a holiday in observance of Holy Week this year.
“The BIR (Bureau of Internal Revenue) will not extend the deadline for taxpayers to file their income tax returns and pay taxes,” he said adding that they need to beat the April 18 cut-off.
Late filing of returns would result to penalties such as a 25% Surcharge on amount due, 20% annual interest and some other extra charges, which is why taxpayers should file their Income Tax Returns as soon as possible, Goking said.
In a Facebook post Monday, the BIR announced, but allowed a small concession: taxpayers could submit their tentative Annual Income Tax Returns before this deadline and amend it on or before May 16 without facing penalties.
“There will be no extension of the deadline for the filing of annual ITR after already being moved due to the Holy Week holidays,” Goking reiterated.
The agency, Goking said is allowing taxpayers time to amend returns until next month is in a bid “to alleviate the difficulties in bearing the deadline on a holiday and considering the challenges encountered in the hybrid working arrangement adapted by most taxpayers.”
The deadline for the filing of returns was originally set April 15, but this fell on Good Friday, which was declared as a regular holiday by Malacañang. (Ben Balce)
