BIR Ruling [DA-069-98]

March 3, 1998 BIR RULING [DA-069-98] Ms. Helen A. Lim c/o Gilbert Go Mintred Corporation Davao City M a d a m : This refers to your faxed message dated February 26, 1998 requesting, on behalf of the heirs of the late Lim Tek Sing, for an extension of thirty (30) days within which to file the estate tax return pursuant to Section 90(C) of the Tax Code of 1997. It is represented that the late Lim Tek Sing died on September 1, 1997; that under then Section 83(b) of the Tax Code of 1977 [now Section 90(B) of the Tax Code of 1997], the estate tax return of the estate of the late Lim Tek Sing is due for riling in March, 1998; that you are constrained to make this request for the obvious reason that you are still in the process of identifying and collating all the properties that form part of the estate. In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of thirty (30) days from March 1, 1998 to April 1, 1998, within which to file the estate tax return of the said estate, is hereby granted pursuant to Section 90(C) of the Tax Code of 1997. It shall be understood, however, that the estate shall be liable to the corresponding interest that have accrued thereon up to the time of filing of the return and payment of the estate tax due on the transmission of the said estate to the heirs. Very truly yours, (SGD.) LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue