BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 16, 1973
Full text
February 16, 1973 Mr. Rodolfo M. Litonjua BPI Building, Bacolod City S i r : In reply to your letter dated February 10, 1973, I have the honor to inform you that a corporation or partnership which knowingly or unknowingly, failed to declare certain taxable profits in its income tax return for the fiscal year ending June 30, 1972 or September 30, 1972 can avail of the amnesty prescribed by Presidential Decree No. 23, as amended by Presidential Decree No. 67. (Sec. 2(b), Revenue Regulations No. 15-72 dated December 11, 1972) The amnesty should be availed of on before March 31, 1973 by filing a return declaring said untaxed income and paying 10% thereof. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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