BIR Ruling [DA-125-01]

July 24, 2001 BIR RULING [DA-125-01] Sec. 90 (C) Acsay Pascual & Associates 1744 Dian Street, Palanan Makati City Attention: Atty . Voltaire R . Piansay Gentlemen : This refers to your letter dated July 11, 2001 requesting, on behalf of the estate and legal heirs of the late Juvenal Caizares Trinidad, for an extension of thirty (30) days within which to file the estate tax return and pay the estate taxes due thereon. It is represented that the late Juvenal Caizares Trinidad died on January 11, 2001; that his heirs cannot as yet file the estate tax return for they are still in the process of gathering the attachments and documents needed in filing said return. In reply, please be informed that in view of the aforementioned justifiable reason, your request for an extension of thirty (30) days within which to file the estate tax return reckoned from July 11, 2001, is hereby granted without the corresponding surcharge and compromise penalties, pursuant to Section 90 (C) of the Tax Code of 1997 but only until August 11, 2001. However, it is understood that the estate of the late Juvenal Caizares Trinidad shall be liable to the corresponding interest that may have accrued during the 30-day extension of time within which to file the estate tax return and thereafter. This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered null and void. Very truly yours, (SGD.) MILAGROS V. REGALADO Acting Assistant Commissioner Legal Service