Amending Presidential Decree No. 52 DatedNovember 16, 1972 Proclaiming A Tax Amnesty For Untaxed Motor Vehicles Subject To Certain Conditions, By Extending The Effectivity Of The Tax Amnest
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Amending Presidential Decree No. 52 DatedNovember 16, 1972 Proclaiming A Tax Amnesty For Untaxed Motor Vehicles Subject To Certain Conditions, By Extending The Effectivity Of The Tax Amnest
Presidential Decree No. 112
January 29, 1973
Case Overview and Summary
Summary of Presidential Decree No. 112Extension of Tax Amnesty for Untaxed Motor Vehicles
- Extends the effectivity of the tax amnesty granted under Presidential Decree No. 52 up to January 31, 1973. (Section 3)
- The tax amnesty provides a 50% deduction on duties and taxes for vehicles transferred from tax-exempt to non-tax-exempt persons/entities. (Preamble)
- The tax amnesty provides a 70% deduction on duties and taxes for vehicles where the correct taxes and duties have not been collected. (Preamble)
- The extension aims to give more time for public awareness and for owners/possessors to raise the needed money to take advantage of the tax amnesty. (Preamble)
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Executive Issuances
Presidential Decrees
tax amnesty
untaxed motor vehicles
duties and taxes
tax-exempt entities
non-tax-exempt entities
deduction
extension
deadline
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Amending Presidential Decree No. 52 DatedNovember 16, 1972 Proclaiming A Tax Amnesty For Untaxed Motor Vehicles Subject To Certain Conditions, By Extending The Effectivity Of The Tax Amnest
Presidential Decree No. 112
•January 29, 1973
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 112 January 29, 1973
AMENDING PRESIDENTIAL DECREE NO. 52 DATED NOVEMBER 16, 1972 PROCLAIMING A TAX AMNESTY FOR UNTAXED MOTOR VEHICLES SUBJECT TO CERTAIN CONDITIONS, BY EXTENDING THE EFFECTIVITY OF THE TAX AMNESTY UP TO JANUARY 31, 1973
WHEREAS, Presidential Decree No. 52 dated November 16, 1972 grants a fifty percent (50%) and seventy percent (70%) across the board deduction on the duties and taxes collectible by the government on vehicles transferred from tax-exempt persons/entities to non-tax-exempt persons/entities, or such vehicles where the correct taxes and duties have not been collected;
WHEREAS, it is possible that there is insufficient public awareness of this particular amnesty or that many of the present owners/possessors of these untaxed motor vehicles have not yet been able to raise the needed money for the purpose; and
WHEREAS, to render more effective the objective of said Presidential Decree No. 52 dated November 16, 1972 and to give all those concerned the opportunity to take advantage of the tax amnesty granted therein;
NOW,...
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