Amending Section Seventy-Three Of The National Internal Revenue Code, As Amended, By Prescribing An Increased Penalty On Filers Of False Or Fraudulent Income Tax Returns
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Amending Section Seventy-Three Of The National Internal Revenue Code, As Amended, By Prescribing An Increased Penalty On Filers Of False Or Fraudulent Income Tax Returns
Presidential Decree No. 785
August 29, 1975
Case Overview and Summary
Summary of Presidential Decree No. 785Objective:
- To promote social and economic well-being by instituting reforms in the tax structure.
- To instill discipline and awareness of penal consequences for tax infractions.
Penalties for Failure to File Return or Pay Tax (Section 1):
- Fine of not more than 2,000 pesos or imprisonment for not more than 6 months, or both.
Penalties for Filing False or Fraudulent Returns (Section 1):
- Fine of not less than 5,000 pesos.
- Imprisonment of not less than 2 years.
Repeal and Modification of Inconsistent Laws (Section 2):
- All laws, decrees, executive orders, rules, and regulations inconsistent with this Decree are repealed and/or modified accordingly.
Effectivity (Section 3):
- This Decree shall take effect immediately.
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Executive Issuances
Presidential Decrees
income tax
tax evasion
false returns
fraudulent returns
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Amending Section Seventy-Three Of The National Internal Revenue Code, As Amended, By Prescribing An Increased Penalty On Filers Of False Or Fraudulent Income Tax Returns
Presidential Decree No. 785
•August 29, 1975
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 785 August 29, 1975
AMENDING SECTION SEVENTY-THREE OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, BY PRESCRIBING AN INCREASED PENALTY ON FILERS OF FALSE OR FRAUDULENT INCOME TAX RETURNS
WHEREAS, one of the objectives of the proclamation of martial law is for the Government to institute much needed reforms in the existing tax structure in order to promote the social and economic well-being of our people;
WHEREAS, in order to insure the success of said reforms it is imperative that our taxpayers be imbued with a profound sense of discipline and awareness of the penal consequences of any infraction committed by them against our internal revenue laws, particularly acts of tax evasion which undermined the economic stability of the nation;
WHEREAS, it has been found that the penalty prescribed under exiting laws for tax evasion, specifically that embodied in the second paragraph of Section 73 of the National Internal Revenue Code which penalizes the filing of false and fraudulent returns with intent to evade payment of...
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