Report to Oversight Committee.
SEC. 26. Report to Oversight Committee. - The Commissioner shall submit to the Oversight Committee referred to in Section 290 of the National Internal Revenue Code of 1997, as amended, through the Chairpersons of the Committees on Ways and Means of the Senate of the Philippines and the House of Representatives, a detailed report on the implementation of this Act within six (6) months after the two (2)-year period of availment of the Estate Tax Amnesty and one(1)-year period of availment of the General Tax Amnesty and Tax Amnesty on Delinquencies.
Implementing Rules and Regulations.
SEC. 27. Implementing Rules and Regulations. - The Secretary of Finance shall, in coordination with the Commissioner of Internal Revenue, promulgate and publish the necessary rules and regulations of this Act within ninety (90) days from its effectivity.
The failure of the Secretary of Finance to promulgate the said rules and regulations shall not prevent the implementation of this Act upon its effectivity.
Separability Clause.
SEC. 28. Separability Clause. - If any provisions of this Act is subsequently declared invalid or unconstitutional, the other provisions hereof which are not affected thereby shall remain in full force and effect.
Repealing Clause.
SEC. 29. Repealing Clause. - All other laws, acts, presidential decrees, rules and regulations or parts thereof inconsistent with the provisions of this Act are hereby expressly repealed, amended or modified accordingly.
Effectivity.
SEC. 30. Effectivity. - This Act shall take effect fifteen (15) days after its complete publication in the Official Gazette or in at least one (1) newspaper of general circulation.
Approved,
(SGD.) VICENTE C. SOTTO III
President of the Senate
(SGD.) GLORIA MACAPAGAL-ARROYO
Speaker of the House of Representatives
This Act which is a consolidation of House Bills Numbered 4814 and 8554, and Senate Bill No. 2059 was passed by the House of Representatives and the Senate on December 12, 2018 and December 13, 2018, respectively.
(SGD.) MYRA MARIE D. VILLARICA
Secretary of the Senate
(SGD.) DANTE ROBERTO P. MALING
Acting Secretary General House of Representatives
Approved: FEB 14 2019
(SGD.) RODRIGO ROA DUTERTE
President of the Philippines
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
