WHEREAS, although there has been a heavy turnout of filers
of amnesty tax returns under Presidential Decree No. 23, as amended,
there is still a big number of persons who have not been able to avail
themselves of the amnesty due to the following reasons:
a. The impossibility of availing oneself of the amnesty due
to fortuitous events such as unstable peace and order conditions in
certain areas, especially in the provinces of Zamboanga del Norte,
Zamboanga del Sur, Lanao del Norte, Lanao del Sur, North Cotabato, South
Cotabato and Isabela, and in the cities of Basilan, Zamboanga,
Pagadian, Dipolog, Cotabato, General Santos, Iligan and Marawi.
b. The inability of Filipinos residing abroad to avail
themselves of the amnesty due to reasons and causes beyond their
control.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of die Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, as amended, and in order to give
such persons the last chance to avail themselves of the amnesty
provided for under Presidential Decree No. 23, as amended, do hereby
decree:
That persons, natural or juridical, who may because of the
reasons hereinabove cited have failed to file their amnesty tax returns
under Presidential Decree No. 23, as amended, and who wish to avail
themselves of the amnesty may be allowed to file their amnesty tax
returns under Presidential Decree No. 23, as amended, provided that such
filing be done on or before May 31, 1973.
That the tax to be collected on the return to be filed
under Presidential Decree No. 23, as amended, shall be 10 percent of the
declared untaxed income and/or wealth, and shall be payable at the time
of filing the return. If the amount of the tax is more than P10,000.00,
it may be paid in installments according to the schedule provided for
in Presidential Decree No. 161, except that in every case, the first
installment must be paid upon filing of the return but not later than
May 31, 1973.
A taxpayer availing himself of this amnesty after April
16, 1973, who had already filed his return for 1972 may avail himself of
the amnesty under Presidential Decree No. 157 by filing with his
amnesty tax return under this Decree a copy of his return for 1972 or an
amended return, if he desires to amend the return already filed. If the
taxpayer had not yet filed his return for 1972 for the same reasons
mentioned above, he may also avail himself of the amnesty under
Presidential Decree No. 157 by filing simultaneously with his amnesty
tax return under this Decree his return for 1972.
The Secretary of Finance, upon recommendation of the
Commissioner of Internal Revenue, shall issue the necessary rules and
regulations to implement this Decree. 5. This Decree shall take
effect immediately.
Done in the City of Manila, this 12th day of April, in the year of
Our Lord, nineteen hundred and seventy-three.
(Sgd.) FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.) ROBERTO V. REYES
Assistant Executive Secretary
In order to facilitate the implementation of this Presidential Decree
No. 174, the Bureau of Internal Revenue issued Revenue Regulations No.
4- 73, dated April 25, 1973, on the extension of the deadlines.
[*] Amended by Presidential
Decree No. 201.