BIR Ruling [UN-193-95]

May 23, 1995 BIR RULING [UN-193-95] Romulo, Mabanta, Buenaventura Sayoc & de los Angeles Fourth Floor, King's Court I 2129 Chino Roces Avenue Makati, Metro Manila Attention: Attys . Carlos G . Baniqued and Priscilla B . Valer Gentlemen : This refers to your letter dated March 27, 1995 requesting in behalf of your client, the Estate of the late Caridad J. Cruz, for an extension of time to file the estate tax return and pay the corresponding estate tax due thereon pursuant to Section 83(c) of the Tax Code, as amended, and as implemented by Revenue Regulations No. 17-93. cdtech It is represented that Mrs. Caridad J. Cruz, a Filipino domiciled in Bacolod City, Negros Occidental, died on November 22, 1994; that her estate consists mainly of agricultural lands which are covered by the Agrarian Land Reform and in possession of tenants and/or mortgaged to the banks; that the records and documents relating to the properties comprising her estate are in disarray and several of which are missing; and that as a consequence, the administratrix of the estate is experiencing extreme difficulty in making an inventory of the assets and liabilities of the estate. In reply, please be informed that in view of the aforestated justifiable reasons, you request for extension of time within which to file the estate tax return of the said estate and to pay the estate tax due thereon is hereby granted but only for a period of thirty (30) days from May 21, 1995 or until June 20, 1995 pursuant to Sections 83(c) and 84(b), of the Tax Code, as amended. It shall be understood that the estate shall be liable to the corresponding interest that have accrued thereon up to the time of filing and payment of the estate tax. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue