Clarification as to the Scope of Availment of the Tax Amnesty Under Executive Order No. 41 and Compromise Payments on Delinquent Accounts and Disputed Assessments Under Executive Order No. 44

September 12, 1986 REVENUE MEMORANDUM CIRCULAR NO. 31-86 SUBJECT : Clarification as to the Scope of Availment of the Tax Amnesty Under Executive Order No. 41 and Compromise Payments on Delinquent Accounts and Disputed Assessments Under Executive Order No. 44 TO : All Internal Revenue Officers and Others Concerned The tax amnesty under Executive Order No. 41 may be availed of by any natural or juridical person who has heretofore failed to declare the correct amount of taxable income from January 1, 1981 to December 31, 1985. On the other hand, under Executive Order No. 44, the Commissioner of Internal Revenue or his duly authorized representatives shall accept compromise payments by taxpayers with outstanding delinquent accounts and disputed assessments (except withholding taxes whether final or creditable) pending as of December 31, 1985. Executive Order No. 41 and Executive Order No. 44 were respectively promulgated on August 22, 1986 and September 4, 1986. Accordingly, taxpayers against whom assessments had been issued from January 1 to August 21, 1986 may settle their tax liabilities by way of compromise under Section 246 of the Tax Code as amended by paying 30% of the basic assessment excluding surcharge, interest, penalties and other increments thereto. aisa dc It is desired that this Circular be given as wide a publicity as possible. (SGD.) BIENVENIDO A. TAN, JR. Commissioner