Amending Revenue Regulations No. 9-80 Implementing Presidential Decree No. 1740 dated September 17, 1980

February 26, 1981 REVENUE REGULATIONS NO. 09-A-80 SUBJECT : Amending Revenue Regulations No. 9-80 Implementing Presidential Decree No. 1740 Dated September 17, 1980 TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Section 5(b) of Revenue Regulations No. 9-80 is hereby amended to read as follows: "Sec. 5(b): When and Where to File the Return . The return or the amended return in the prescribed form required under these regulations shall be filed in duplicate on or before March 15, 1981 with the Revenue District Officer, Collection Agent or duly authorized Treasurer of the municipality where the taxpayer has his legal residence or principal place of business, or in the Officer of the Commissioner of Internal Revenue if the taxpayer has no legal residence or place of business in the Philippines. However, a taxpayer who intends to file original or amended returns but who cannot do so within the period prescribed herein, shall file a declaration of such intention with the Commissioner of Internal Revenue or with the Revenue Regional Director or Revenue District Officer in order that he may be allowed an extension of time within which to file the return which in no case shall be beyond May 31, 1981. A copy of the declaration, acknowledged to have been received in the Office of the Commissioner, Regional Director or Revenue District Officer, shall be attached to the return to be filed by the taxpayer. aisa dc SECTION 2 . Section 6 of Revenue Regulations No. 9-80 is hereby amended to read as follows: "Sec. 6. Time for Payment of Tax . The tax due as disclosed by the taxpayer in his return/returns must be paid at the time of the filing thereof. If the total tax due exceeds P50,000.00, the same shall be paid in accordance with the following schedule: (a) If the total amount due exceeds P50,000.00 but does not exceed P100,000.00, the tax may be paid in two equal installments, the first installment to be paid at the time of the filing of the return and the second installment on or before July 31, 1981. (b) If the total amount due exceeds P100,000.00 but does not exceed P300,000.00, the tax may be paid in three equal installments, as follows: (i) The first installment shall be paid at the time of filing of the return; (ii) The second installment shall be paid on or before August 31, 1981; and (iii) The third installment shall be paid on or before December 31, 1981. casia (c) In meritorious cases where the total amount due exceeds P300,000.00, the Commissioner of Internal Revenue or the Revenue Regional Director may, upon proper application, allow the taxpayer to pay the P300,000.00 in accordance with the immediately preceding schedule and the amount in excess thereof in equal monthly installments beginning January 1, 1982, up to but not later than May 31, 1982. These regulations shall take effect immediately. cdt CESAR VIRATA Minister of Finance Recommended by: RUBEN B. ANCHETA Acting Commissioner