BIR Ruling [UN-253-95]

July 7, 1995 BIR RULING [UN-253-95] Far East Bank and Trust Company Muralla St., Intramuros Manila Attention: Mr . Rodolfo B . Fernandez Assistant Vice President Gentlemen : This refers to your letter dated March 1, 1995 requesting in behalf of the Estate of the late Ana De Oteysa, for an extension of time of six (6) months to pay the estate tax pursuant to Section 84(b) of the Tax Code, as amended. It is represented that Ana De Oteysa died last September 2, 1994; that you are still in the process of collating the properties of the deceased; that you are also coordinating with one of the deceased's heirs, Jorge de Oteysa, who is a resident of the U.S.A.; and that you are having difficulty in coordinating with him because he is working with a Luxury (Cruise) Liner and is often on the seas. In reply, please be informed that in view of the aforestated justifiable reasons, your request for an extension of six (6) months from March 3, 1995 to September 2, 1995 within which to pay the estate tax due on the said estate is hereby granted pursuant to Section 84 (b) of the Tax code, as amended. In shall be understood that the estate shall be liable to the corresponding interest and surcharges 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