Directing Government Offices to Issue Guidelines on Interruption of Periods for Filing of Documents, Payment of Taxes, Cancellation of Proceedings, and Movement of Timelines for Release of Benefits

February 8, 1973 The Revenue District Officer Zamboanga City S i r : In reply to your telegram dated January 11, 1973, you are informed that the penalty to be imposed for failure on the part of the corporation to file its quarterly income returns as required by Supplement B, Title II of the Tax Code, as inserted by Presidential Decree No. 30, is that prescribed in Section 74 of the Tax Code which provides: "Sec. 74. Penalty imposed on corporations refuse or neglect to make a return . If any corporation or duly registered general copartnership shall refuse or neglect to make a return at the time or times hereinbefore specified in each year, or shall render a false or fraudulent return, such corporation or partnership shall be liable to a fine of not exceeding twenty thousand pesos." Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue