BIR Ruling [DA-151-99]

March 12, 1999 BIR RULING [DA-151-99] SGV & Co. 6760 Ayala Avenue 1226 Makati City Attention: C . P . Noel Tax Division Gentlemen : This refers to your letter dated November 3, 1998 requesting on behalf of your client the Estate of the late Rolando Capistrano Piit 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 Rolando Capistrano Piit died intestate on May 6, 1998; that you cannot file the estate tax return within the period required because you are having difficulty in collating all the properties of the estate and retrieving the supporting documents considering that the majority of the properties are located in Cagayan de Oro City; and that you need additional time to finalize the extrajudicial settlement as the other heirs of the deceased are working abroad. In reply please be informed that in view of the aforestated justifiable reason, your request for an extension of thirty (30) days within which to file the estate tax return of your client 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 pursuant to Section 249 of the Tax Code of 1997. (BIR Ruling No DA-084-96 dated February 22, 1996) LLphil Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue