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ADVISORYSERIES OF 2020Advisory on Extension of Statutory Deadlines PAGE NOS.BIR REVENUE REGULATION NO. 102020 Extension of statutory deadlines and timelines for the filing of documents and the payment
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Advisory on extension refers to a formal notification or communication provided to inform relevant parties about the extension of a deadline, process, or obligation.
Entities or individuals who are subject to deadlines or obligations requiring an extension, such as businesses, organizations, or individuals under regulatory compliance, are required to file an advisory on extension.
To fill out an advisory on extension, one should provide the relevant details including the original deadline, reason for the extension, new proposed deadline, and any supporting documentation required.
The purpose of an advisory on extension is to formally notify stakeholders of a change in deadlines, ensure compliance with regulations, and provide transparency regarding the reasons for the adjustment.
The advisory must report the original deadline, details of the extension requested, justification for the extension, the new deadline, and any pertinent information required by governing authorities.
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