BIR Ruling [UN-393-95]

November 10, 1995 BIR RULING [UN-393-95] Mr. Vicente del Villar 55 Gen. Vicente Lim Little Baguio, San Juan Metro-Manila S i r : This refers to your letter dated September 19, 1995 which was filed with the Revenue Region No. 6, Manila on September 22, 1995 and later transmitted to this Office on November 8, 1995, requesting on behalf of the heirs of the late Pilar Vazquez Florez for another extension of thirty (30) days to file the estate tax return. cdtech It is represented that the late Pilar Vazquez Florez died on March 26, 1995; that you are constrained to make this request for the reason that you are still in the process of locating the properties as well as ascertain its values inasmuch as the heirs are residing in Quito, Ecuador; and that as things now stand, it is certain that you will not have full and complete information before September 26, 1995, to enable you to prepare and file the estate tax return before its due date. In reply, please be informed that in view of the aforestated justifiable reasons, your request for another extension of thirty (30) days from October 26, 1995 up to November 26, 1995 within which to file the estate tax return of the said estate is hereby granted. Moreover, your request for a waiver of the surcharges in the estate tax due on the transmission of the late Pilar Vazquez Florez's estate is likewise hereby granted in view also of the aforementioned justifiable reasons. It shall be understood that the estate shall be liable to 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. cdt Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue