REVENUE REGULATION NO. 21-2020
Voluntary Assessment and Payment Program for Taxable Year 2018 Under Certain Conditions
“These Regulations shall apply to all internal revenue taxes covering the taxable year ending December 31, 2018, and fiscal year 2018 ending on the last day of the months of July 2018 to June 2019, including taxes on one-time transactions (ONETT) such as estate tax, donor’s tax, capital gains (CGT), as well as ONETT-related creditable withholding tax (CWT)/expanded withholding tax and documentary stamp tax (DST). Qualified persons can avail of the benefits of the VAPP until December 31, 2020, unless extended by the Secretary of Finance.”
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