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Bacolod City, PhilippinesTuesday, October 16, 2007
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Tax amnesty drive set
October 17 in Bacolod

The Bureau of Internal Revenue Region 12 will hold a Tax Amnesty Roadshow on October 17, from 9 a.m. to 3 p.m. at the Garden Royale Main Hall at Goldenfield Commercial Complex.

Rep. Danilo Suarez of Quezon Province, chairman of the House oversight committee, will be the guest speaker. The roadshow will be a comprehensive tax information drive on Republic Act 9480 or the Tax Amnesty Act of 2007. RA 9480, which took effect last May and implemented in September, covers all national internal revenue taxes imposed by the national government for the taxable year 2005 and prior years, with or without assessments duly issued therefore, that have remained unpaid as of Dec. 31, 2005.

Under the amnesty program, those who can avail are individuals, whether resident or non-resident citizens, or resident or non-resident aliens; partnerships; estates and trusts; corporations; cooperatives and tax exempt entities that have become taxable as of Dec. 31, 2005; and other juridical entities.

Those not eligible are withholding agents with respect to withholding tax liabilities; those with pending cases falling under the jurisdiction of the Presidential Commission on Good Government; those pending cases involving unexplained or unlawfully acquired wealth, revenue or income under the Anti-Graft and Corruption Practices Act;

Those with pending cases filed in court involving violation of the Anti-Money Laundering Law; those with pending criminal cases filed in court or in the Department of Justice for tax evasion and other criminal offenses under Chapter II of the Title X of the National Internal Revenue Code, as amended; and,

Those with pending criminal cases filed in court for felonies of frauds, illegal exactions and transactions, and malversation of public funds and property under Chapter III and IV of the Revised Penal Code and tax cases subject to final and executory judgement by the courts. The filing of the Tax Amnesty Return and payment of amnesty tax amount shall be made within six months from the effectivity of the Implementing Rules and Regulations. Those who wish for more information may call the Taxpayer Assistance Unit, Revenue Region 12 at (034) 434-7848 and 433-3452.*

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