TAXPAYERS have been given a one-month extension to file their annual income tax returns (ITRs), President Ferdinand Marcos Jr. said on Tuesday.
“We have extended the filing deadline of the 2025 annual income tax returns from April 15 to May 15, 2026,” he said in Filipino in a social media post.
“Each taxpayer has more time to file properly, with all the necessary documents, and no penalties will be imposed.”
Taxpayers may file and pay their taxes through offices of the Bureau of Internal Revenue, BIR electronic platforms, and authorized agent banks.
ITRs are generally filed by individual taxpayers on or before April 15 of each year, covering income generated from the preceding calendar year.
The extension, which will give taxpayers more breathing room to settle their obligations, is in line with the administration’s efforts to help the public cope with the skyrocketing prices of fuel and other commodities caused by hostilities in the Middle East.
Marcos said he wanted to give Filipinos added relief “especially at a time when the price of oil is rising."
“We are continuously working to ease the burden in the daily lives of our countrymen.”
The Bureau of Internal Revenue (BIR) has released Revenue Memorandum Circular 030-2026 to serve as guidance for the filing extension.
“Taxpayers may file their returns through the Bureau of Internal Revenue electronic filing platforms and pay the corresponding taxes due thereon electronically in any of the available electronic payment platforms and manually to the nearest authorized agent Banks, notwithstanding the covered jurisdiction of the revenue district Office,” the circular states.
“All internal revenue officers and employees are hereby enjoined to follow, observe and give this Revenue Memorandum Circular as wide publicity as possible,” it added.
KRISTINA MARALIT
