BIR Ruling [DA-319-06]

May 16, 2006 BIR RULING [DA-319-06] 91 Atty. Maria Elena C. Ramiro 2423 Zamora Street Pasay City M a d a m : This refers to your letter dated May 4, 2006 requesting on behalf of the heirs of the late Libertad Lontok-Ordonez for an extension of two (2) years within which to pay the estate tax due therefrom under Section 91(B) of the Tax Code of 1997. It is represented that Libertad Lontok-Ordonez died intestate on November 6, 2005; that payment of the estate tax due on the said estate would impose under hardship on the heirs; and that pursuant to Section 91 of the Tax Code of 1997, the estate or any of the heirs may request for an extension of two (2) years within which to pay the estate tax due on the said estate. In reply thereto, please be informed that in view of the aforementioned valid and justifiable ground, your request for an extension of two (2) years to pay the estate tax reckoned from June 6, 2006, the date fixed for the filing and payment thereof, is hereby granted pursuant to Sections 90 and 91 both of the Tax Code of 1997. It is, however, understood that the estate of your client shall be liable to the corresponding interest that have accrued up to the time of the payment of the estate tax. cEHSIC Very truly yours, (SGD.) JAMES H. ROLDAN Assistant Commissioner Legal Service