BIR: April 15 deadline for filing ITRs, tax payment stays
The Bureau of Internal Revenue (BIR) said that the April 15, 2021 deadline for the filing of income tax returns (ITRs) and paying of income taxes stays.
Revenue Memorandum Circular (RMC) No. 46-2021 issued by BIR Commissioner Caesar Dulay on Tuesday said that contrary to erroneous reports, “the deadline for filing [2020 annual income tax] return and payment of taxes due thereon is not extended.”
Dulay said the BIR will nonetheless accept tentative annual income tax returns as long as these were filed before or on the day of the mandatory deadline under the Tax Code.
Read more on Philippine Daily Inquirer
Villar is still richest Filipino
Seventeen tycoons from the Philippines – led for the third straight year by “brown taipan” Manuel “Manny” B. Villar – made it to Forbes magazine’s 2021 list of wealthiest people on the planet.
Forbes, which has been counting persons with net worth of at least $1 billion for the last 35 years, announced a record-breaking roster of 2,755 billionaires, including 493 newcomers.
This was seen as unprecedented by any measure, especially in a period when the COVID-19 pandemic has continued to wreak havoc on the global economy.
Altogether, these billionaires are worth $13.1 trillion, up from $8 trillion on the 2020 list.
Read more on Philippine Daily Inquirer.