Granting A New Deadline For the Filing of Income Tax Returns For the Income Earned in the Year 1986 By Non-Resident Filipinos, Without Penalty

EXECUTIVE ORDER NO. 166 May 5, 1987

GRANTING A NEW DEADLINE FOR THE FILING OF INCOME TAX RETURNS FOR THE INCOME EARNED IN THE YEAR 1986 BY NON-RESIDENT FILIPINOS, WITHOUT PENALTY

WHEREAS, the deadline for the filing of Income Tax Returns for income earned in the year 1986 is on April 15, 1987;

WHEREAS, the Government has received numerous requests from non-resident taxpayers for extension of the period within which to file income tax returns without penalty;

WHEREAS, the grant of this extension will greatly redound to the benefit of the government as it will raise more revenues and encourage non-resident taxpayers to declare voluntarily their income and pay the tax due thereon;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do hereby order:

Sec. 1. Any provision of law to the contrary notwithstanding, a new period within which non-resident taxpayers may file their respective income returns for income earned in the year 1986 without penalty is hereby granted, to expire on May 31, 1987.

Sec. 2. This Executive...

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Summary of Executive Order No. 166

Extension of Deadline for Filing Income Tax Returns for Non-Resident Filipinos

- Grants a new deadline of May 31, 1987 for non-resident Filipino taxpayers to file their income tax returns for income earned in 1986 without penalty. (Sec. 1)
- The original deadline for filing income tax returns for income earned in 1986 was April 15, 1987. (Whereas clause)
- The extension is granted in response to numerous requests from non-resident taxpayers for an extension. (Whereas clause)
- The extension is expected to benefit the government by raising more revenues and encouraging non-resident taxpayers to voluntarily declare their income and pay the corresponding taxes. (Whereas clause)
- The Executive Order takes effect immediately. (Sec. 2)