Full implementation of P.D. No. 379 As Amended
Letter of Instructions No. 186, issued on May 14, 1974, mandates the strict implementation of various Presidential Decrees related to asset declaration and tax amnesty in the Philippines. It requires government officials and employees to accurately file their statements of assets, liabilities, and net worth, while also promoting awareness of tax amnesty provisions for previously untaxed wealth. The letter emphasizes the government's commitment to enforce compliance and penalize any false declarations or non-compliance. Furthermore, it instructs the Commissioner of Internal Revenue to take action against those who fail to utilize the tax amnesty before the deadline, thereby reinforcing the importance of transparency for national economic development.
Quick Answers
- What is Full implementation of P.D. No. 379 As Amended about?
- Letter of Instructions No. 186, issued on May 14, 1974, mandates the strict implementation of various Presidential Decrees related to asset declaration and tax amnesty in the Philippines. It requires government officials and employees to accurately file their statements of assets, liabilities, and net worth, while also promoting awareness of tax amnesty provisions for previously untaxed wealth. The letter emphasizes the government's commitment to enforce compliance and penalize any false declarations or non-compliance. Furthermore, it instructs the Commissioner of Internal Revenue to take action against those who fail to utilize the tax amnesty before the deadline, thereby reinforcing the importance of transparency for national economic development.
- What type of law is Letter of Instructions No. 186?
- Full implementation of P.D. No. 379 As Amended (Letter of Instructions No. 186) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Full implementation of P.D. No. 379 As Amended enacted?
- Full implementation of P.D. No. 379 As Amended (Letter of Instructions No. 186) was enacted on May 14, 1974.
- What is the citation for Full implementation of P.D. No. 379 As Amended?
- Full implementation of P.D. No. 379 As Amended, Letter of Instructions No. 186, May 14, 1974 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 186
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 14, 1974
LETTER OF INSTRUCTIONS NO. 186
| TO | : | The Secretary of Finance; |
| All Other Department Heads | ||
| The Commissioner of Internal Revenue; | ||
| All Other Heads of Bureaus, Agencies and | ||
| Instrumentalities of the Government; | ||
| All Provincial, City and Municipal Officials; | ||
| All Barangay Heads; and | ||
| Other Concerned. | ||
| SUBJECT | : | Full Implementation of Presidential Decree No. 379, as Amended by Presidential Decree No. 417 in Relation to |
| Presidential Decree No. 370 and Republic Act No. 3019, Otherwise Known as the Anti-Graft and Corrupt | ||
| Practices Act |
In order to fully implement the program of the government together an accurate compilation of statistical data for the establishment of a data bank envisioned in Presidential Decree No. 379, as amended, you are hereby required to comply strictly with the following: casia
1. You are enjoined to urge all those who are required to file the statement of assets, liabilities and net worth, especially officials and employees of the government, to declare truthfully and accurately all the information required to be included therein.
2. You are directed to give the widest publicity to the provisions of Presidential Decree No. 370 in order to afford the last opportunity for all concerned to avail of the tax amnesty granted therein by paying the prescribed rate of tax on all previously untaxed wealth, gains and acquisitions thereby gaining the immunities granted therein on all tax liabilities that may be due on the assets required to be declared under Presidential Decree No. 379, as amended.
3. In requiring the declaration of all existing assets, as of December 31, 1973 under Presidential Decree No. 379, as amended, as well as in the implementation of the provisions of R.A. 3019, the government stands firm and resolute against any violation of the immunities guaranteed in favor of the declarant under Presidential Decree Nos. 23, 157, 213 and 370 and Letters of Instructions Nos. 65 and 129. acd
4. Upon the expiration of the period of the tax amnesty granted under Presidential Decree No. 370, the Commissioner of Internal Revenue is directed to utilize the entire tax enforcement machinery of the government in ferreting out those persons who should have availed of the same but failed to head this call for a last chance to set their records straight and apply to them the full force of the law, including if necessary, the arrest of all notorious tax evaders.
The compilation of statistical data on the statement of assets, liabilities and net worth required under Presidential Decree No. 379, as amended, is vital to the interests of the country for economic development. Any willful false declaration or deliberate failure to comply with any of the provisions of the said decree shall be dealt with severely.
DONE in the City of Manila, this 14th day of May, in the year of Our Lord, Nineteen Hundred and Seventy-Four.
Cite This Law
Full implementation of P.D. No. 379 As Amended, Letter of Instructions No. 186, May 14, 1974 (Philippines)
Full implementation of P.D. No. 379 As Amended, Letter of Instructions No. 186 (Phil. 1974)
Related Laws
- Amendments to P.D. No. 379Presidential Decree No. 417 • Mar 19, 1974 • Presidential Issuances
- Full Implementation of the Integrated Reorganization Plan, As AmendedPresidential Decree No. 186 • May 10, 1973 • Presidential Issuances
- Directing the Full Implementation of the Budgetary Programs for Economic Stabilization, Productivity, Growth and Recovery and Adopting an Organization and Itemization of Personal Services for the National Government Covering Calendar Year 1985Letter of Implementation No. 152 • Nov 26, 1984 • Presidential Issuances
- Mobilizing for the Full Implementation of the Kilusang Kabuhayan at Kaunlaran Program and Orienting the National Government Budget Accordingly in Calendar Year Nineteen Hundred and Eighty-TwoLetter of Implementation No. 140 • Apr 26, 1982 • Presidential Issuances
- Letter of Implementation No. 127Letter of Implementation No. 127 • Oct 13, 1980 • Presidential Issuances
- Amending P.D. No. 379 Re: Requirement for Submission of Assets, Liabilities and Net WorthPresidential Decree No. 555 • Sep 16, 1974 • Presidential Issuances
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