BIR Ruling

April 16, 1997 Estate of Rosemarie T. de Toda c/o Ms. Rosemarie T. Delgado (Administratrix of the Estate of Rosemarie T. de Toda) 1745 Adriatico Street Malate, Manila M a d a m : This refers to the deficiency estate tax assessment issued against the estate of Rosemarie T. de Toda involving the amount of P147,931,995.20 covered by Assessment Notice No. FAS-E-91-91-002313 dated July 18, 1991, later revised/modified by this Office in the amount of P98,482,490.20, which was shown to have been paid in the total amount of P100,381,914.68 inclusive of surcharge & interest computed up to the actual date of payment, in full and final settlement of the aforesaid tax liability. In view thereof and it appearing from our records that the said tax liability has already been paid, the tax lien annotated on all the remaining properties of the estate are hereby lifted and cancelled and considered without force and effect. aisadc Accordingly, the aforesaid case is now considered closed and terminated. Very truly yours, (SGD.) LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue