BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 13, 1973
Full text
June 13, 1973 Mr. Romeo P. Lim Rm. 502 Merchants Bank Bldg. 313 Buendia Ave., Makati, Rizal S i r : In reply to your letter dated May 31, 1973, I have the honor to inform you that, since a tentative amnesty tax return has been filed declaring partial untaxed bequests left by the deceased spouses, pursuant to Presidential Decree No. 23, as amended, the administrator of the estate may file an amended tax return on or before June 30, 1973 declaring therein the total net estate, pursuant to Presidential Decree No. 161. The tax shown on the amended return shall be at 13%. From the tax so computed, the amount paid upon filing of the tentative return shall be deducted. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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