REVENUE MEMORANDUM CIRCULAR NO. 46-2021 issued on April 6, 2021clarifies the deadline for filing of Annual Income Tax Returns (AITR) for Taxable Year ending December 31, 2020; provides guidelines in the manner of filing thereof, including the use of electronic signature; and reiterates the availability of Electronic Audited Financial Statement (eAFS).
      The deadline for filing of the AITR and payment of taxes due thereon is not extended and remains to be on April 15, 2021. However, tentative AITR may be filed on or before the set deadline. The return may be amended on or before May 15, 2021 without imposition of increments. Provided that, a taxpayer whose amended returns will result in overpayment of taxes paid can opt to carry over the overpaid tax as credit against the tax due for the same tax type in the succeeding period or file for
refund.
      Pursuant to Republic Act No. 8792 (Electronic Commerce Act of 2000), all tax returns, attachments and documents identified above can be signed by the taxpayer or authorized officer or signatory through an electronic signature. Such electronic signature shall be deemed equivalent to an actual signature or “wet signature” for filing purposes.
     Taxpayers are also reminded of the availability of the eAFS facility as an option in submitting hard copies of their electronically-filed AITR and its attachments.