BIR Ruling [DA-513-03]

December 16, 2003 BIR RULING [DA-513-03] RR 6-2001 BIR Ruling No. 001-02 Zeneo Sales, Inc . 26/F, K.P. Tower Building C.M. Recto Avenue corner Juan Luna St. Binondo, Manila Attention: Ms. Zenaida F. Yu AVP-General Accounting Gentlemen : This refers to your letter dated October 31, 2001 stating that "1. ZENCO SALES, INC. has almost a hundred branches located in different cities and provinces nationwide 2. our transactions are so numerous which require voluminous paperwork and documentation 3. transmittal of reports, records, documents and all other accountable forms from our branches take time especially from faraway places 4. during the first 10 days of the month, we tackle deadline on payroll related transactions, i.e ., SSS, Philhealth, Pag-ibig, various government loans, wherein processing w/tax on wages is also taken cared of 5. we take up our VAT and EWT transactions after the deadline on item 4 above 6. if we don't enroll in EFPS, no day will be left for us to do accounting for our VAT and EWT remittances; and 7. if we enroll in the EFPS, we will be left with only 5 days to process the same which is impossible for us to accomplish. "We did a simulated remittance of our VAT and EWT for the month of September 2001 requiring our Accounting Department to meet the "October 15, 2001 deadline". Our Accounting Staff worked overtime daily and during the weekend. "To our dismay, we have proven to ourselves that we could not cope with the Bureau's new deadline set for tax remittances which is on the 15th day of the month if taxpayer is enrolled under the EFPS. Not to mention yet the holidays and weekends included in the 15-day period covering this October 2001 remittance and in the coming months thereafter. SCaDAE "Much as we want to remit on time, it is just beyond our human capacity, even with the aid of computer, to meet your new deadline. Accounting of the input tax in detail is the most taxing part of it all. . . ." Based on the foregoing, you now request for an extension of tax remittance deadline covering the first 2 months of each quarter from the 10th/15th day to the 25th day of the month. In reply, please be informed that except for those who availed of the electronic filing and payment system (EFPS), Revenue Regulations No. 6-2001 does not provide for any other exception to the required period for filing of various tax returns and payment of taxes due thereon. Accordingly, your request for an extension of tax remittance deadline covering the first 2 months of each quarter from the 10th/15th day to the 25th day of the month cannot be granted for lack of legal basis. This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered as null and void. Very truly yours, Commissioner of Internal Revenue By: (SGD.) JOSE MARIO C. BUAG Deputy Commissioner Legal & Inspection Group