Deficiency Income Tax - Payable

February 16, 1993 BIR RULING NO. 067-93 DEFICIENCY INCOME TAX PAYABLE 21 (a) 000-00 067-93 Mr. Proceso H. Manguiat Blk. 18, Lot 9, Jubilleeville Masaya, Bay, Laguna This refers to your letter dated July 13, 1992, stating that you were not able to settle the balance of your income tax due per return filed for 1989 in the amount of P1,304.76; that because of this failure, you now request that your unsettled balance plus corresponding penalties be charged to your claim for refundable amount per year 1990 and 1991 income tax returns in the total amount of P2,637.96. In reply, please be informed that your request cannot be granted for lack of legal basis. Any alleged refundable income tax arising from excess withholding by your employer for the years 1990 and 1991 shall be processed by the Assessment Branch of the Revenue Region where you filed your income tax return and if found correct, shall be covered by separate treasury warrants to be issued by this Office. Moreover under Revenue Memorandum Circular No. 46-92, your employer, U.P. Los Baos, shall be the one to make the necessary recomputation of your income tax for 1991 by applying the increased personal and additional exemptions prescribed under Section 29(1)(1) and (2) of the Tax Code, as amended by R.A. 7167, the effectivity of which was made to retroact beginning calendar year 1991. In view thereof, you are requested to pay the balance of your 1989 income tax without further delay within ten (10) days from receipt, together with the statutory penalties incident to delinquency. cdtech JOSE U. ONG Commissioner of Internal Revenue