BIR Ruling [DA-074-03]

March 11, 2003 BIR RULING [DA-074-03] RR 6-2001 Toyota Balintawak, Inc. EDSA cor. V. Ang & Gen. Evangelista Sts. Kalookan City Attention: Ms. Jocelyn G. Rigor Accounting Manager Gentlemen : This refers to your letter dated September 10, 2001 stating that "As Large Taxpayer we find it difficult to meet your new deadline every 10th of the following month. Our company has implemented cost cutting measures and one of these is reducing our manpower. This measure makes it difficult for us to record the voluminous transactions we have and finalize the monthly books of accounts. Lastly, additional monthly financial reports are required by Toyota Motor Philippines for submission every 10th of the month thus our limited personnel will find it confusing and very difficult which to prioritize." Based on the foregoing, you now request for approval to extend the deadline on the filing of all your internal revenue tax returns and payment of taxes due thereon within 25 days after the end of each month. cAISTC In reply, please be informed that except for those who availed of the electronic filing and payment (EFPS), Revenue Regulations No. 6-2001 does not provide for any other exception to the required period of ten (10) days for filing of various tax returns and payment of taxes due thereto. Accordingly, your request for an extension of the due date for the filing of your internal revenue tax returns and payment of taxes due thereon every twenty five (25) days after the end of each month cannot be granted for lack of legal basis. Very truly yours, Commissioner of Internal Revenue By: (SGD.) JOSE MARIO C. BUAG Deputy Commissioner Legal & Inspection Group