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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 516 - EXTENDING
THE DEADLINE FOR FILING OF 1991 INCOME TAX RETURNS FROM APRIL 15, 1992
TO APRIL 24, 1992
WHEREAS,
income tax returns for 1991 should be filed and the corresponding
income tax should be paid not later than April 15, 1992;
WHEREAS, under the New Payment Control System (NPCS) adopted by the BIR
to simplify compliance with the requirements for the internal revenue
tax payments, filing of returns and payment of taxes should be made
directly with accredited banks;
WHEREAS, under the NPCS adopted by the BIR, the payment through the
Revenue Official Receipt (ROR) has been phased out in areas where there
are accredited banks;
WHEREAS, the daily recurrence of power failure has disrupted the
acceptance of tax returns and payment of income taxes by the banks
which use electronically operated validating machines;
WHEREAS, during the brownouts which have been frequently recurring
daily towards the deadline for paying income tax, banks cannot accept
tax payments under the new system and therefore it is necessary to
issue revenue official receipts printing of which cannot immediately be
done because the National Printing Office is presently engaged in
printing ballots and other COMELEC materials for the coming elections;
WHEREAS, the daily brownouts have frequently disabled the computerized
accounting operations of many business and professional tax returns
prepares;
WHEREAS, due to the recent strike by air controllers, the Bureau of
Internal Revenue (BIR) was prevented from replenishing promptly the
required quantity of revised income tax forms to the revenue regions
and district offices located in the Visayas and Mindanao;
WHEREFORE, premises considered the filing of 1991 Income Tax Returns
and payment of income taxes is hereby extended until April 24, 1992,
without penalties.
DONE in the City of Manila,
this 15th day of April, in the year of Our Lord, nineteen hundred and
ninety-two.
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