Amount of Compromise to be Paid for Late Filing of ITR

August 5, 1958 BIR RULING NO. 428-58 Mr. Jose S. Dando, Jr. Siniloan, Laguna S i r : In reply to your letter dated April 28, 1958, I have the honor to inform you that a Filipino citizen who worked and received income in a foreign country and paid income tax therein, is nevertheless required to file Philippine income tax return pursuant to Section 45 of the National Internal Revenue Code. However, the income tax paid by him in the foreign country can be credited against the Philippine income tax if he signifies in his return the benefit of tax credit pursuant to Section 30(c)(3) of the same Code. The amount of compromise to be paid for late filing of income tax return, depends upon the gross income of the taxpayer, pursuant to General Circular No. V-239 of this Office dated February 12, 1957. LibLex Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue