Internal Revenue Tax Case of Mr. Laureano Sia

November 9, 1959 BIR RULING NO. 587-59 The Regional Director Regional District No. 6 Naga City S i r : This refers to the internal revenue tax case of Mr. Laureano Sia, involving the sum of P3,100.45 representing deficiency commercial broker's fixed and percentage taxes, surcharges and compromise, which was the subject of your memorandum dated July 22, 1959. aisadc It appears that owing to the failure of Mr. Laureano Sia to pay the taxes due and collectible from him, a warrant of distraint and levy was issued against his properties to enforce the collection of the aforementioned tax liability. By virtue of this warrant of distraint and levy, a one-story building owned by subject taxpayer was offered for sale at public auction. However, for want of bidders, the building was declared forfeited to the National Government. Mr. Sia did not redeem the forfeited property within the one-year period prescribed by law, hence, pursuant to section 328 of the Tax Code, the forfeiture became absolute after such period. In view thereof, you are instructed to have the title of ownership to said property transferred from Mr. Laureano Sia to the Government in the Office of the Register of Deeds, Masbate, Masbate, if same has not as yet been made. The Deputy Provincial Treasurer, same municipality, should be advised to administer such property and collect the income therefrom from the date it has been absolutely forfeited. He should also be advised to take the necessary steps to sell or dispose of the property at public auction, or, with the prior approval of the Secretary of Finance, dispose of the same at private sale. Mr. Sia should be informed that he may bid in either the public or private sale. In either case, the proceeds of the sale and the said income should be applied to the satisfaction of the aforementioned tax liability. cdt Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue