BIR Ruling

September 27, 1973 Mr. Alberto P. Sison Atok, Benguet B-201 S i r : In reply to your letter dated February 15, 1973, I have the honor to inform you that the filing of Income Tax Return by landowners for the years 1960 and 1970 has not been condoned. In fact, they are required to file income tax returns regardless of whether they derived any income or not for the taxable year. (Sec. 45(3)(c), Tax Code). In this connection, pursuant to Presidential Decree No. 213, said landowners have still until October 31, 1973 within which to file voluntarily the return or returns and pay P10.00 for each year that no return was filed. If there is any tax due as computed in the return or returns filed, the Decree allows them to pay 20% of the tax. cdtech Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."