Amending Revenue Regulations No. 9-80 as amended by Revenue Regulations No. 9-A-80, Implementing Presidential Decree No. 1740 dated September 17, 1980

May 29, 1981 REVENUE REGULATIONS NO. 12-81 SUBJECT : Amending Revenue Regulations No. 9-80 as Amended by Revenue Regulations No. 9-A-80, Implementing Presidential Decree No. 1740 dated September 17, 1980 TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Pursuant to Executive Order No. 695, dated May 27, 1981, Section 5(b) and Section 6 of Revenue Regulations No. 9-80, as amended, is hereby further amended to read as follows: "Sec. 5(b). When and Where to File the Return . The return or the amended return in the prescribed form required under these regulations shall be filed in duplicate on or before August 31, 1981 with the Revenue District Officer, Collection Agent or duly authorized Treasurer of the municipality where the taxpayer has his legal residence or principal place of business, or in the Office of the Commissioner of Internal Revenue if the taxpayer has no legal residence or place of business in the Philippines." SECTION 2 . Section 6 of Revenue Regulations No. 9-80, as amended, is hereby further amended to read as follows: "Sec. 6. Time for payment of Tax . The tax due as disclosed by the taxpayer in his return/returns must be paid at the time of the filing thereof. If the total tax due exceeds P50,000.00, the same shall be paid in accordance with the following schedule: "(a) If the total amount due exceeds P50,00.00 but does not exceed P100,000.00, the tax may be paid in two equal installments, the first installment to be paid at the time of the filing of the return and the second installment on or before November 2, 1981. "(b) If the total amount due exceeds P100,000.00 but does not exceed P300,000.00, the tax may be paid in three equal installments, as follows: "(i) The first installment shall be paid at the time of filing of the return; cdt "(ii) The second installment shall be paid on or before November 2, 1981; and "(iii) The third installment shall be paid on or before February 15, 1982. "(c) In meritorious cases where the total amount due exceeds P300,000, the Commissioner of Internal Revenue or the Revenue Regional Director may, upon proper application, allow the taxpayer to pay the P300,000 in accordance with the immediately preceding schedule and the amount in excess thereof in equal monthly installments beginning May 16, 1982, up to but not later than August 15, 1982." SECTION 3 . Pursuant to the presidential directive dated May 18, 1981, a new section to be known as Section 7-A is hereby added to Revenue Regulations No. 9-80, as amended, to read as follows: aisa dc "Sec. 7-A. The Commissioner of Internal Revenue or his duly authorized representative is hereby prohibited from conducting an investigation on amnesty tax returns filed under Presidential Decree No. 1740, except upon lawful order of the Court." SECTION 4 . This Regulations shall take effect immediately. EFREN I. PLANA Acting Minister of Finance Recommended by: RUBEN B. ANCHETA Acting Commissioner