Inclusion of Bank Tax in the Coverage of the Tax Amnesty

May 4, 1987 BIR RULING NO. 122-87 320 000-00 122-87 Gentlemen : In reply to your letter dated February 13, 1987 requesting a ruling as to whether bank tax is included in the coverage of the tax amnesty under Executive Order No. 41, as further amended by Executive Order No. 61, please be informed that your request is answered in the negative. asiacd Section 2 of Executive Order No. 64 provides that "the scope and coverage of Executive Order no. 41, as amended, is hereby expanded to include not only income taxes but also estate and donor's taxes under Title III and the tax on business under Chapter II, Title V, of the National Internal Revenue Code, as amended, for the year 1981-1985." Bank tax is provided under Title VIII of the Tax Code; hence, the same is not embraced by the expanded tax amnesty. (Par. 1.2.5, Revenue Memorandum Order No. 42-86). Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner