House tax panel recommends waiving of penalties for late tax filing

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The Lower House committee on ways and means wants the Bureau of Internal Revenue (BIR) to waive penalties for the late filing of income tax returns as taxpayers continue to observe government’s enhanced community quarantine directive.

Albay Rep. Joey Sarte Salceda, committee chairman, said the House panel is calling on the BIR to relax the tax filing requirements. Deadline for filing income tax returns is on April 15, a day after the community quarantine order is expected to be lifted.

“It is very ironic that the executive department issued and implemented a lockdown order but the Department of Finance is apparently defying it by insisting on the April 15 tax payment deadline,” noted the opposition lawmaker.

“We can extend the deadline, or we can temporarily waive the consequences of the deadline, which are penalties and surcharges. It makes sense to do either,” he added.

 

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