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Last Updated on May 12, 2017 by Marie Bautista
IMPOSITION OF PENALTIES:
In addition, the taxpayer shall also be imposed civil penalties equivalent to 24% of the tax due to be paid, for filing a return in a manner not in compliance with existing regulations. Thus, if you are required to file online, failure to do so is tantamount to WRONG VENUE FILING.
(RR 5-2015)
Income Tax Hack: An Insider’s Guide to Filing your Philippine Income Tax Return in Record Time