BIR Ruling No. 615-12

November 14, 2012 BIR RULING NO. 615-12 Tax Code, Sec. 90 (C) of the NIRC, as amended; BIR Ruling No. 020-11 Isagani C. Yambot Jr. Unit 304, Bldg. 8 Hampton Garden C. Raymundo, Pasig City Sir : This refers to your letter dated August 29, 2012 requesting an extension of not exceeding 30 days within which to file the estate tax return. cIECaS It is represented that Isagani M. Yambot died on March 2, 2012 and that your reason for an extension to file the estate tax return is due to the difficulties in gathering and collating the necessary documents for the filing of the said return. In reply thereto, please be informed that Section 90 (C) of the Tax Code of 1997 provide, viz. : "SEC. 90. Estate Tax Returns . xxx xxx xxx (C) Extension of Time . The Commissioner shall have authority to grant, in meritorious cases, a reasonable extension not exceeding thirty (30) days for filing the return." Based on the foregoing justifiable reason, your request for an extension to file the estate tax return is hereby granted for a period of thirty (30) days counted from September 2, 2012, which is the last day for filing of the estate tax return of the late Isagani M. Yambot. (BIR Ruling No. 020-11 dated January 26, 2011) It shall be understood, however, that the estate shall be liable for the corresponding interest that shall have accrued thereon up to the time of payment of the estate tax due on the transmission by the said estate of its properties in favor of the heirs pursuant to Section 249 of the Tax Code of 1997. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue