Description: COVID-19 continues to be an economic disruptor affecting many businesses in our country and the economy as a whole. In response to this, the Government, through various regulatory agencies, made measures to cushion the impact of COVID-19 which aim to at least ease the burden felt by the business community from this economic standstill. On a taxpayer's perspective, the extension of tax filing deadlines and deferral of tax payments are few of the Government measures to ease cashflow pressures on businesses.
In relation to the Bayanihan to Heal as One Act declaring a state of national emergency over the entire country and in consideration of the Enhanced Community Quarantine (ECQ) extended until 15 May 2020, the Department of Finance (DOF), through Bureau of Internal Revenue (BIR), issued regulations enjoining the extension of statutory deadlines to file and/or pay various taxes and submit other tax applications.
Partner Organization: SGV & Co., is the leading and largest professional services firm in the Philippines which offers integrated solutions drawn from diverse and deep competencies in assurance, tax, transaction and advisory. With more than 70 years of quality service over 6,000 people providing the best services, including professionals who are experts of their respective fields, SGV is respected locally and trusted by the most prestigious Filipino and international business organizations. It is a member practice of Ernst & Young Global and is registered with the Public Company Accounting and Oversight Board (PCAOB).
FREE for NordCham Members for this session
500 PHP for non-members for this session
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