Manila: President Ferdinand R. Marcos Jr. has extended the deadline for filing the 2025 annual Income Tax Returns (ITR) to May 15, 2026, giving taxpayers more time to comply without penalties.
According to Philippines News Agency, the extension from the original April 15 deadline aims to ease the burden on taxpayers, particularly amid rising fuel costs. In a social media post, Marcos highlighted that taxpayers will have additional time to file properly without facing penalties.
The President noted that taxpayers may continue to file and pay through the Bureau of Internal Revenue electronic platforms or authorized agent banks. This initiative is part of broader government measures to mitigate the impact of global oil price volatility driven by tensions in the Middle East, which have led to higher transport and commodity costs.
Marcos emphasized the importance of making it easier for Filipinos to pay taxes, especially during times when the rising oil prices are impactful. In alignment with Marcos' directive, the BIR issued Memorandum Circular No. 30-2026, extending the deadline for filing 2025 ITRs, payment of associated taxes, and submission of required attachments to May 15.
BIR Commissioner Charlito Martin Mendoza stated that the extension aims to facilitate easier tax compliance for taxpayers who are managing added strain from the ongoing energy crisis. The bureau also mentioned that taxpayers could pay electronically through available payment platforms, in addition to the BIR's electronic filing platforms and authorized agent banks.
