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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 166 - GRANTING
A NEW DEADLINE FOR THE FILING OF INCOME TAX RETURNS FOR THE INCOME
EARNED IN THE YEAR 1986 BY NON-RESIDENT FILIPINOS, WITHOUT PENALTY
WHEREAS,
the deadline for the filing of Income Tax Returns for income earned in
the year 1986 is on April 15, 1987;
WHEREAS, the Government has received numerous requests from
non-resident taxpayers for extension of the period within which to file
income tax returns without penalty;
WHEREAS, the grant of this extension will greatly redound to the
benefit of the government as it will raise more revenues and encourage
non-resident taxpayers to declare voluntarily their income and pay the
tax due thereon;
NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1.
Sec. 2.
Done in the City of Manila,
this 5th day of May, in the year of Our Lord, nineteen hundred and
eighty-seven.
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