BIR Ruling

February 28, 1973 Mr. Luis Manalang, Jr. 47 K-7 Kamias Quezon City S i r : This refers to your letter dated February 22, 1973 requesting information on a query stated as follows: cdta "In connection with the Presidential Decree granting tax amnesty, the undersigned respectfully request information on the following facts: I received by mail dated February 1, 1973 (postmark) a letter dated December 1, 1972 in connection with the examination of my income tax return for the year 1967 and to come on or before December 18, 1972 and a follow-up letter personally delivered at home dated November 27, 1972 on February 9, 1973 by examiner Jose Mallari. Examination began on February 12 & 13, 1973 but no formal notice of tax deficiency is yet given. Now, in case there is tax deficiency, can I avail of the Presidential Decree No. 23, dated October 16, 1972, as amended by Presidential Decree No. 67, dated November 24, 1972, proclaiming Tax Amnesty?" In reply thereto, I have the honor to inform you that so long as there is no deficiency assessment having been issued by this Office as a result of the examination conducted on your 1967 income tax return, you can avail of the immunity provided for in Presidential Decree No. 23 as amended, by paying 10% of your previously untaxed income or wealth. cdt Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue