BIR Ruling [DA-247-03]

July 30, 2003 BIR RULING [DA-247-03] Sec. 90 Ma. Elena N. Rueda 8 Carmalite St., Merville Park Paraaque, Metro Manila M a d a m : This refers to your letter dated July 21, 2003 requesting for an extension of thirty (30) days within which to file the estate tax return and pay the estate tax due thereon. It is represented that the late Luis R. Nunga died on February 18, 2003; that you are in the process of settling extra-judicially the estate of the said decedent; and that you will not be able to file the said return within the prescribed period, hence, you are constrained to seek a 30-day extension within which to file the required estate tax return and pay the estate tax due thereon. In reply thereto, please be informed that under Section 90(B) and (C) of the Tax Code of 1997, estate tax return is required to be filed within six (6) months from the decedent's death, and in meritorious cases, a reasonable extension not exceeding thirty (30) days for filing the return may be granted by the Commissioner of Internal Revenue. The payment of the estate tax or any part thereof shall be made upon the filing of the return or on such date as fixed if an extension is granted by the Commissioner, but in no case to exceed five (5) years in case the estate is settled through the courts, or two (2) years in case the estate is settled extra-judicially pursuant to Section 91(B) of the Tax Code of 1997. IDAaCc Based on the aforestated justifiable reason, your request for an extension of thirty (30) days counted from August 18, 2003, which is the last day for filing of the estate tax return of the late Luis R. Nunga, is hereby granted. Accordingly, the filing of the said estate tax return of the decedent is hereby extended up to September 18, 2003 pursuant to Section 90(C) of the Tax Code of 1997. In view of the foregoing, this Office has decided to forego within the 30-day period the imposition of the surcharge and penalties on the estate tax due on the transmission of the estate of the late Luis R. Nunga to his heirs. However, it shall be understood that the estate shall be liable for the corresponding interest that have accrued thereon up to the time of payment of the estate tax pursuant to Section 249 of the Tax Code of 1997. Very truly yours, Commissioner of Internal Revenue By: (SGD.) MILAGROS V. REGALADO Assistant Commissioner Legal Service