BIR Ruling

March 21, 1973 The Regional Director Revenue Region No. 4 San Fernando, Pampanga S i r : This refers to your letter dated February 3, 1973 requesting resolution of the queries therein in connection with the proper implementation of Presidential Decree No. 68. In reply, you are informed as follows: 1. Since the original assessment of P5,000.00 was issued before November 24, 1972, the same can be the subject of the amnesty prescribed by Presidential Decree No. 68, based on the amended assessment of P3,000.00 issued after reinvestigation. 2. A taxpayer can be allowed to avail of the amnesty under Presidential Decree No. 68 with respect to the proposed assessment for deficiency franchise tax based on the findings of the General Auditing Office although there is yet no formal assessment having been issued by that Office, provided that the General Auditing Office informed the taxpayer in writing of his findings before November 24, 1972. 3. If the taxpayer insisted on paying the tax as reduced by Presidential Decree No. 68, his payment should have been accepted as partial payment only, pending resolution by this Office of whether or not he could avail of the condonation provided for in Presidential Decree No. 68. Please be guided accordingly. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue