Revising the Schedule of Compromise Penalties for Failure to File the Tax Census Statement within the Prescribed Period

June 3, 1963 REVENUE ADMINISTRATIVE ORDER NO. 03-63 SUBJECT : Revising the Schedule of Compromise Penalties for Failure to File the Tax Census Statement within the Period Prescribed by Republic Act No. 2070, as Amended by Republic Act No. 2212 TO : All Internal Revenue Officers and Others Concerned The schedule of compromise penalties in extrajudicial settlement of the penal liability arising from the violation of Section 5 of Republic Act No. 2070 for failure to file the required tax census statement within the period prescribed by said law, under General Circular No. V-320, dated March 28, 1960 is hereby revised as follows: cdta Failure to file required tax census statement (a) Individuals For gross income and/or value of real and personal properties and other assets of P10,000 or less P5.00 Over P10,000 but not more than P50,000 10.00 Over P50,000 but not more than P100,000 15.00 Over P100,000 25.00 (b) Corporations For gross income and/or value of real and personal properties and other assets of P10,000 or less P25.00 Over P10,000 but not more than P50,000 50.00 Over P50,000 but not more than P100,000 100.00 Over P100,000 but not more than P500,000 200.00 Over P500,000 but not more than P1,000,000 300.00 Over P1,000,000 450.00 The above schedule applies only to those cases where the tax census filer voluntarily files his statement. Where the statement has been required to be filed, the compromise penalties should be doubled. Any person required to file the statement who refuses to do so must be reported to this Office for prosecution. This Order supersedes General Circular No. V-320, dated March 28, 1960. All tax census examiners and others charged with the enforcement of the Tax Census Law, as amended, must be guided accordingly. aisadc (SGD.) AMABLE M. AGUILUZ Acting Commissioner of Internal Revenue APPROVED: (SGD.) RODRIGO PEREZ, JR. Acting Secretary of Finance