RR No. 4-2019: Revenue Regulations Implementing the Tax Amnesty on Delinquencies

April 22, 2019

Revenue Regulations (“RR”) No. 4-2019, which will implement the provisions on tax amnesty on delinquencies under Republic Act No. 11213 (“Tax Amnesty Act”), will take effect on April 24, 2019. This RR No. 4-2019 covers tax amnesty on delinquencies for internal revenue tax liabilities for taxable year 2017 and prior years.

Taxpayers have one year from the effectivity of RR No. 4-2019, or until April 24, 2020, to file their application for tax amnesty.

The tax amnesty rates are: 40% for delinquent accounts which have become final and executory; 50% for cases with final and executory court judgment; 60% for criminal cases pending before the DOJ or the Prosecutor’s Office; and 100% for withholding agents who failed to remit to the BIR taxes they withheld.

Download and read the complete Tax Bulletin on RR No. 4-2019. The bulletin was prepared for SyCipLaw clients by SyCipLaw partner Carina C. Laforteza, special counsel Catherina M. Fernandez, and legal assistant Char Therese R. Edillor.

Carina C. Laforteza is a lawyer and a certified public accountant with extensive tax and corporate practice. Her tax work ranges from tax structuring for both corporations (including how investments are to be made into, and repatriated from, the Philippines) and individuals (including tax planning) to tax compliance (including assisting clients in audits by the Philippine Bureau of Internal Revenue) to tax litigation (including petitions questioning the legality of revenue issuances and local tax ordinances), and tax-related arbitration.

Catherina M. Fernandez is admitted to the Philippine Bar (1996) and New York Bar (2005). She is also a certified public accountant. Prior to joining SyCipLaw in 2018, she practiced for over a decade in New York, USA and handled tax structuring, cross-border transactions, mergers and acquisitions, and internal reorganizations.

Char Therese R. Edillor is a certified public accountant and is awaiting the results of the 2018 Philippine Bar exam. Prior to joining SyCipLaw, she worked as a senior audit associate at a leading Philippine auditing firm.