WHEREAS, it is the declared policy of the Government
to afford taxpayers with delinquent accounts and pending contested tax
cases a final opportunity to settle their tax obligations consistent
with the concept of reforms under the New Society;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of
the Republic of the Philippines, by virtue of the powers in me vested
by the Constitution as Commander-in-Chief of all the Armed Forces of the
Philippines, and pursuant to Proclamation No. 1081, dated September 21,
1972, and General Order No. 1, dated September 22, 1972, as amended,
whereby 1 have assumed direction of the operation of the entire
Government, do hereby decree:
- That all unpaid delinquent tax accounts, as of the effectivity of
this Decree, amounting to One Hundred Pesos (P100.00) or less are hereby
condoned.
- That in the case of all delinquent tax accounts which remain
unpaid involving an amount exceeding One Hundred Pesos (P100.00)
including all unlisted and/or current tax accounts resulting from
assessments and/or letters of demand already issued as of the date of
this Decree and/or such accounts which arc protested and/or contested,
the final resolution of which are still pending in the Bureau of
Internal Revenue and/or in courts shall be reduced:
(a) By 40% if said delinquent tax is paid in full on or before
January 31, 1973;
(b) By 20% if said delinquent tax account: is paid in full on or
before February 28, 1973.
In case the amount of unpaid delinquent account exceeds P300,000, the
taxpayer concerned may avail of the concessions under items (a) and (b)
and at his option, the same may be paid in two equal installments, the
first to be paid on or before the dates under items (a) and (b), as the
case may be, and the second installment not later than May 15, 1973. If
the second installment is not paid within the specified date, the first
installment shall be applied to the original delinquent account.
If the delinquent taxpayer does not avail of the concession under (a)
and (b), the delinquent tax account shall be collected by court action
or summary proceedings.
- In the case of tax accounts resulting from assessments and/or
letters of demand already issued as of the date of this Decree, and/or
such accounts which are protested and/or contested, the final resolution
of which are still pending in the Bureau of Internal Revenue and/or in
Courts, the proceedings thereon, at any stage, shall be suspended up to
February 28, 1973, in order to afford taxpayers involved therein the
opportunity to avail of the concession granted above.
- That after full settlement of the accounts mentioned herein,
the taxpayer shall be free of any civil, criminal or administrative
liability insofar as his tax case is involved.
- The Secretary of Finance, upon the recommendation of the
Commissioner of Internal Revenue, shall promulgate rules and regulations
to implement this Decree.
- This Decree shall take effect immediately.
Done in the City of Manila, this 24th day of November, in the year of
Our Lord, nineteen hundred and seventy-two.
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(Sgd.) FERDINAND E. MARCOS
President
Republic of the Philippines |
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By the President: |
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(Sgd.) ALEJANDRO MELCHOR |
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Executive Secretary |