Republic Act No. 1253 (RA 1253) — An Act Condoning the Payment of Interest Penalties and Surcharges on Estate and Inheritance Taxes Due from the Estate of Veterans, Guerrillas or Victims of Japanese Atrocities Who Died During the Japanese Occupation Subject to Certain Condition and for Other Purposes.
Republic Act No. 1253 (RA 1253) — An Act Condoning the Payment of Interest Penalties and Surcharges on Estate and Inheritance Taxes Due from the Estate of Veterans, Guerrillas or Victims of Japanese Atrocities Who Died During the Japanese Occupation Subject to Certain Condition and for Other Purposes.
Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
SECTION 1. The provisions of the National Internal Revenue Code to the contrary notwithstanding, the collection of interest, and/or penalties and surcharges due on inheritance and estate taxes from the estate of veterans, guerrillas or victims of Japanese atrocities who died during the Japanese occupation, from the time such interest, and, or penalties and surcharges accrued up to actual payment, is hereby waived: Provided, however, That the basic tax is paid on or before December 31, 1955.
SEC. 3. Payments already made in the concept of interest, and/or penalties and surcharges due on account of such inheritance and estate taxes shall not be reimbursed but shall be applied to the payment of the basic tax.
