Publishing the Directive of the President for A Six-Month Moratorium for Tax Payment in the Calamity Areas in Region X

February 3, 1981 REVENUE MEMORANDUM CIRCULAR NO. 08-81 SUBJECT : Publishing the Directive of the President for A Six-Month Moratorium for Tax Payment in the Calamity Areas in Region X TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, there is hereby quoted hereunder the Memorandum dated January 29, 1981 of the President, as follows: "MALACAANG MANILA January 29, 1981 "9-81 MEMORANDUM "TO: X Commissioner Ruben Ancheta Bureau of Internal Revenue The General Manager Government Service Insurance System The Administrator Social Security System All Heads of Government Financial Institutions "In order to alleviate the sufferings of the flood victims in the calamity areas in the country, the following instructions are hereby issued for immediate implementation: a. The Bureau of Internal Revenue shall grant a moratorium for tax payment due on January 20, 1981 for a period of six (6) months from the said date in the calamity areas in Region 10. b. All government financial institutions shall grant moratorium on amortization of all loans of flood victims in the calamity areas in Region 10 with rural banks and government banking institutions. c. The Government Service Insurance System and the Social Security System shall grant five months' salary loans to the flood victims in certain provinces and cities in Mindanao mentioned in Proclamation No. 2044, including Davao del Sur, as well as those in Region II who were affected by the recent typhoon. "(SGD.) FERDINAND E. MARCOS President of the Philippines" In the implementation of the foregoing Presidential directive, the following guidelines shall be observed: 1. Only taxpayers in the calamity areas in Region X are covered by the moratorium order. 2. The moratorium shall comprehend only tax payments due on January 20, 1981. 3. The moratorium for tax payment shall be for a period of six (6) months from the said date and, therefore, shall not go beyond July 20, 1981. 4. Failure to pay the tax during the six months moratorium period shall not give rise to the imposition of interest and penalties for late payment as provided in the Tax Code. 5. The taxpayers concerned should signify their intention to avail of the benefit of the moratorium order by filing a notice to that effect with the Regional Director, the Revenue District Officer or the Collection Agent or duly authorized Treasurer of the city or municipality where they have their legal residence or place of business, indicating in the said notice their name, address and taxpayer account number . aisa dc This Circular should be given the widest dissemination possible in the calamity-affected areas. RUBEN B. ANCHETA Acting Commissioner