BIR Ruling

February 28, 1973 Atty. Pedro B. Javier 579 Nueva Street Manila S i r : In reply to your letter dated February 22, 1973, I have the honor to inform you as follows: 1. In the case of taxpayers who have availed of the amnesty by declaring all previously untaxed income and/or wealth and paying 10% thereof, in accordance with Presidential Decree No. 23, as amended, the income tax return filed by them for the years prior to 1972 shall not be subjected to examination whether or not they have been previously examined by this Office. To do so, will be tantamount to verifying the contents of the return filed for purposes of the amnesty which verification is prohibited under the Decree. It is understood that the income tax returns exempt from examination shall pertain to the same years covered by the return filed for purposes of the amnesty. 2. The books of accounts for the years prior to 1972 of taxpayers who have availed of the amnesty prescribed by Presidential Decree No. 23 as amended, shall not also be examined whether or not they have been previously examined by this Office. It is also understood that the books exempt from examination shall pertain to the same years covered by the return filed for purposes of the amnesty. However, said books of accounts although exempt from examination should be kept within the five-year period prescribed by Section 337 of the Tax Code. aisa dc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue