The Philippines Bureau of Internal Revenue has decided to extend the deadline to file electronic returns using Electronic BIR Forms (eBIRForms) or the Electronic Filing and Payment System (eFPS) from 15 April 2015 to 30 April for most return types. The electronic filing requirements were introduced in 2014 and generally apply from 2015. Failure to comply will resulting in a fixed penalty of PHP 1,000 per return, plus an additional penalty of up to 25% of the tax due. In order to make use of the extension, regular printed forms or offline eBIRForms must still be submitted by 15 April,...