Grant of Request for Extension to File Estate Tax Return

November 17, 1999 BIR RULING NO. 176-99 90 (C)-027-99-176-99 Sebastian Liganor Calinato & Tierra Attorneys-at-Law 1409 East Tower, Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Attention: Atty . Avelino M . Sebastian, Jr . Gentlemen : This refers to your letter dated September 29, 1999 requesting on behalf of the Estate of the late Virginia Y. Yaptinchay for an extension of thirty (30) days within which to file the estate tax return pursuant to Section 90(C) of the Tax Code of 1997. It is represented that the late Virginia Y. Yaptinchay died last April 21, 1999; that the probate proceedings of the said estate remains pending before the Regional Trial Court, NCR Branch 213, Mandaluyong City, under Spec. Proc. No. MC-99-619; that you recently obtained a probate order and the proceedings have now focused on the preparation and approval Of the inventory of the estate and the claims against the same; that you believe that you could not establish the estate and the outstanding claims within the next month; and that you are not able to determine the tax liability of the estate. In reply, please be informed that in view of the above justifiable reasons, your request for an extension of thirty (30) days up to November 20, 1999 within which to file the estate tax return of the late Virginia Y. Yaptinchay is hereby granted pursuant to Section 90(C) of the Tax Code of 1997. cdlex It shall be understood, however, that the estate shall be liable to the corresponding interest that have accrued thereon up to the time of the filing of the return and the payment of the estate tax due on the transmission of the said estate to the heirs pursuant to Section 249 of the Tax Code of 1997. (BIR Ruling, No. DA-027-99 dated January 18, 1999) Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue