BIR Ruling [UN-222-95]

June 16, 1995 BIR RULING [UN-222-95] Sycip, Salazar, Hernandez & Gatmaitan Attorneys-at-Law 105 Paseo de Roxas 1200 Makati City Attention: Attys . Juan C . Reyes, Jr . and Ernesto S . Taio, Jr . Gentlemen : This refers to your letter dated June 1, 1995 requesting on behalf of the heirs of the late Allen Cham, for an extension of time of thirty (30) days to file the estate tax return pursuant to Section 83(c) of the Tax Code, as amended. cdll It is represented that the late Allen Cham died on December 4, 1994; that you are constrained to make this request for the reason that you are still in the process of ascertaining/verifying the shareholdings of the decedent Allen Cham in more than twenty (20) corporations; and that as things now stand, it is certain that you will not have the full and complete information before Friday, June 2, 1995, to enable you to prepare and file the estate tax return on or before its due date. In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of thirty (30) days from June 4, 1995 up to July 4, 1995 within which to file the estate tax return of the said estate is hereby granted pursuant to Section 83(c) of the Tax Code, as amended. It shall be understood that the estate shall be liable in the corresponding interest that have accrued thereon up to the time of filing of the return and payment of the estate tax due on the transmission of the said estate to the heirs. lexlib Very truly yours, RENE G. BAEZ Acting Commissioner