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PHILIPPINE LAWS, STATUTES & CODES
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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 54 -
AMENDING EXECUTIVE ORDER NO. 41
WHEREAS,
the Government has received many requests from various sectors of our
society for an extension of the time to avail themselves of Executive
Order No. 41;
WHEREAS, equity and justice require that those who have availed
themselves of Executive Order No. 41 thus far should not unduly
prejudiced or penalized for having responded to the Government’ offer
seasonably;
NOW, THEREFORE I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
(a)
(b)
(c)
If the amnesty tax or any installment thereof under this amendatory Executive Order is not paid on its due date, a surcharge equivalent to 25% of the unpaid amount shall be collected. The unpaid tax or its installment and the surcharge shall be paid not later than one month from the due date thereof, otherwise the application for tax amnesty shall be denied. No case hereunder shall result in a refund.
Sec. 3.
Sec. 4.
Sec. 5.
Sec. 6.
Done in the City of Manila,
this 4th day of November, in the year of Our Lord, nineteen hundred and
eighty-six.
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Since 19.07.98.