Section 14
SEC. 14. Paragraph (b) of Section 54 of the National Internal Revenue Code as amended by Presidential Decree No. 1705 is hereby further amended to read as follows: “(b) Penalties for failure to render returns; for rendering false or fraudulent returns; and for non-payment of taxes withheld. The surcharges and the penalties imposed in Sections Seventy-two and Seventy-three, respectively, of this Title shall apply to failure to file returns, to filing false or fraudulent returns or failure to pay the tax required under this Section. In case the taxes deducted and withheld are not paid within the time prescribed, there shall be added to the amount of the unpaid tax a surcharge of twenty-five per centum plus interest at the rate of twenty per centum per annum from the date the same became due until paid. If the withholding agent is the government or any of its agencies political subdivisions or instrumentalities, or a government-owned or controlled corporation, the employee thereof responsible for the withholding and remittance of the tax shall be personally liable for the surcharge and interest imposed herein.”