BIR Ruling [DA-348-00]

September 22, 2000 BIR RULING [DA-348-00] Office of the Accountant Province of Cebu Cebu City Attention: Mr . Marieto M . Ypil Provincial Accountant Gentlemen : This refers to your letter dated May 27, 1999 relative to your request for the waiver of surcharges, interests and penalties in the amount of P6,379,698.18 on the late remittances of withholding taxes for the calendar year 1998. In reply, we regret to inform you that this Office cannot act favorably on your request for lack of legal basis. Pertinent provisions of the Tax Code of 1997 and its implementing rules and regulations provide that surcharge and interest shall be imposed for the aforesaid violations and a suggested compromise penalty is to be imposed in lieu of criminal liability. You are therefore advised to pay the amount of P6,379,698.18 at the authorized agent bank within the Revenue District Office where you are registered using the Payment Form (BIR Form 0605) within fifteen (15) days upon receipt of this letter, and kindly furnish the Chief, Withholding Tax Division, Room 207, BIR National Office Building, Diliman, Quezon City with a copy of the form evidencing payment so that this case could be closed accordingly. Very truly yours, (SGD.) DAKILA B. FONACIER Commissioner of Internal Revenue