BIR Ruling [UN-404-95]

November 16, 1995 BIR RULING [UN-404-95] Ms. Adeste Pe Kalagayan 40 Scout Reyes Quezon City M a d a m : This refers to your letter dated August 17, 1995 requesting for the waiver of the surcharge, interest and compromise penalties assessed by Revenue Region No. 7, Quezon City in addition to the basic estate tax due on the Estate of your father, the late Esteban S. Pe and your mother, the late Adela L. Pe. cd It is represented that the reason for your said request is that you are sixty (60) years old and a government employee with a meager salary just enough to support your daily needs; that as a law-abiding citizen, you are willing to pay the basis estate tax due to help support the government while you are still strong and earning. In reply, please be informed that in view of the aforestated justifiable reasons, your request for a waiver of surcharge and compromise penalties on the assessment made by the BIR Regional Officer in Quezon City in addition to the basic tax due on the Estate of your father, the late Esteban S. Pe and your mother the late Adela L. Pe, is hereby granted. However, it shall be understood that the estate of your father, Esteban S. Pe and estate of your mother, Adela L. Pe are still liable to the corresponding interest that have accrued thereon up to the time of payment of the corresponding estate tax on said estates. Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue