EXTENDING THE PERIOD OF FILING OF THE STATEMENT OF ASSETS, LIABILITIES AND NET WORTH AND ALLOWING THE TAX-PAYERS WHO HAVE NOT AVAILED OF PRESIDENTIAL DECREE NO. 23, AS AMENDED, TO AVAIL OF PRESIDENTIAL DECREE NO. 370, AS AMENDED.

• Number: Presidential Decree No. 563
• Sections: 7

Preamble

WHEREAS, the period within which to file the statement of

assets, liabilities and net worth prescribed under Presidential Decree

No. 379, as amended by Presidential Decree No. 417, is expiring

September 30, 1974;

WHEREAS, there are still-many persons who have not filed the

required statement on account of the attendant difficulties and

technical aspects involved in the preparation of the statement in spite

of the massive nationwide information campaign launched by the Bureau of

Internal Revenue since the promulgation of the Decree;

WHEREAS, there are still a considerable number of taxpayers

who have not availed of tax amnesty but who, in order to be able to file

a true and accurate statement of assets, liabilities and net worth, are

now desirous of availing- of the amnesty provided under Presidential

Decree No. 370;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers in me vested by the Constitution,

do hereby decree and order:

Section 1

SECTION 1. The last day for the filing of statement of

assets, liabilities and net worth as of December 31, 1973 required under

Presidential Decree No. 379, as amended, is hereby extended up to

November 29, 1974;

Section 2

SEC. 2. The following public officers are not required to

file the statement if the gross value of their assets is less than Fifty

Thousand Pesos (P50.000).

Barangay Chairman and other Barangay officials;

Classroom teachers of public schools;

Laborers, messengers, janitors, drivers, mail carriers and

minimum wage earners in the government service;

Temporary and casual employees of the government; and

Barrio officials.

provided that in the case of messengers, janitors, drivers, mail

carriers and minimum wage earnings, herein excepted, they are required

to file their statement of assets and liabilities in the manner and form

prescribed under Republic Act 3019, not later than November 29, 1974.

Section 3

SEC. 3. Any person who still has any undeclared/untaxed income

and/or wealth acquired in 1972 and/or prior years who would qualify to

avail of previous tax amnesties granted under Presidential Decree Nos.

23, 157, 213 and 370 may, under this Decree, avail of the tax amnesty

under Presidential Decree No. 370, the effectivity of which is hereby

extended up to November 29, 1974;

Section 4

SEC. 4. Any person required to file the statement under

Presidential Decree No. 379, as amended, who knowingly makes a false

declaration or who deliberately fails to file or to comply with any of

the provisions thereof shall upon conviction pay a fine of not less than

one thousand pesos, but not more than five thousand pesos, and

imprisonment of not less than six months, but not more than two years.

However, failure to file the statement not due to willful

neglect, shall be punishable by a fine of not more than one thousand

(Pl,000.00) pesos and imprisonment of not more than six months.

SEC.

5. Any law, decree, rules and/or regulations contrary to or

inconsistent herewith are deemed repealed, modified or amended

accordingly.

Section 6

SEC. 6. The Secretary of Finance, upon recommendation of

the Commissioner of Internal Revenue, shall issue rules and regulations

to implement this Decree.

Section 7

SEC. 7. This Decree shall take effect immediately upon

approval.

Done in the City of Manila, this 30th day of September, in the

year of Our Lord, nineteen hundred and seventy-four.

(Sgd.)

FERDINAND E. MARCOS

President of the Philippines

By the President:

(Sgd.)

ROBERTO V. REYES

Assistant Executive Secretary