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BIR: No extension for paying taxes; heavy penalties loom
Even as it stressed it is not inclined to grant an extension, the Bureau of Internal Revenue issued a last-minute warning Friday for late and non-filing of income tax returns (ITRs). BIR Commissioner Kim Henares said that aside from BIR offices, deputized banks will be open until 5 p.m. to receive the ITRs of taxpayers. âPag late ang filing may surcharge tayo na 25 percent at interest na 20 percent per annum kung late kayo ng filing (If you file your ITRs after todayâs deadline, you will have to pay a surcharge of 25 percent and an interest of 20 percent per annum)," Henares said in an interview on dzBB radio. As for those who do not file their ITRs at all, she said the BIR will go after them and file tax evasion charges against them.
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