Granting Taxpayers with Accounting Period Ended December 31, 2000 an Extension of Time to File their ITR up to April 18, 2001

April 11, 2001 REVENUE MEMORANDUM CIRCULAR NO. 19-01 SUBJECT : Granting Taxpayers with Accounting Period Ended December 31, 2000 an Extension of Time to File Their Income Tax Returns up to April 18, 2001 TO : All Internal Revenue Officers and Others Concerned Section 53 of the Tax Code of 1997 authorizes the Commissioner to grant a reasonable extension of time for filing returns of income (or final and adjustment returns) in meritorious cases, subject to the provisions of Section 56 of the same Code. By virtue of the power of the Commissioner to enforce the provisions of the Tax Code, taxpayers in general, whether compensation income earners or those engaged in trade or business or in the exercise or practice of profession, including non-business/non-profession related income earners, with accounting period ended December 31, 2000, are hereby granted an extension of time to file their income tax returns and pay the applicable amount of tax due thereon without increments up to April 18, 2001. This is to compensate for the lost time and opportunity of the taxpayers to file their income tax returns due to the close of business operations of Authorized Agent Banks during the Lenten break. All internal revenue officers and others concerned are requested to give this Circular as wide a publicity as possible. (SGD.) RENE G. BAEZ Commissioner of Internal Revenue