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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 200
TO
: The Commissioner of Internal Revenue
With a view to enabling taxpayers concerned to prepare accurately the
statement of assets, liabilities and net worth required under
Presidential Decree No. 379, as amended, to be submitted not later than
September 30, 1974, and in order to ease the burden of paying the
amnesty tax provided in Presidential Decree No. 370, you are hereby
instructed:
1.
To allow any person, natural or juridical, who
has availed of the tax amnesty under Presidential Decree No. 370 but
failed to include in his return all that were required to be declared
therein to file an amended return covering such undeclared income
and/or wealth and to pay the tax prescribed in the said Decree on or
before September 30, 1974, in accordance with existing revenue rules
and regulations or with paragraph 2 hereof;
2. To accept,
upon representation of the person
concerned, payment of the amnesty tax in installments beyond the period
prescribed in the aforesaid and previous amnesty tax decrees where,
upon your sound discretion and judgment, payment, within the prescribed
periods would cause undue hardships upon such person, and provided,
further, that the extension of the period of payment in installments
does not exceed two years from the date the last installment was
originally due.
3. All the
immunities and guarantees declared under
Presidential Decree No. 370 shall extend to all those who shall file an
amended return pursuant to this Instructions.
Done in the City of Manila, this 1st day of July, in the year of Our Lord, nineteen hundred and seventy-four.
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