Tax Alert No. 3 - [UPDATE] Tax amnesty on delinquencies
Tax amnesty on delinquencies
Extension of period to avail
Revenue Regulations No. 32-2020 issued on December 21, 2020 was made pursuant to Section 4 (tt) of Republic Act No. 11494 (known as “Bayanihan to Recover as One Act”), further amending Section 3 of Revenue Regulations No. 4-2019, as amended, extending the period to avail of the tax amnesty until June 30, 2021. Said period may be extended if the circumstances warrant an extension such as in case of country-wide economic or health reason/s.