Providing For The Filing Of Amnesty Tax Returns Under Presidential Decree No. 23, As Amended, BeyondApril 2, 1973, Under Certain Conditions

Case Overview and Summary

Summary of Presidential Decree No. 174

Extension of Amnesty Tax Return Filing Period
- Allows persons who failed to file amnesty tax returns under Presidential Decree No. 23 due to certain reasons to file until May 31, 1973. (Section 1)
- Reasons for failure to file:
    a. Unstable peace and order conditions in certain areas like Zamboanga del Norte, Zamboanga del Sur, Lanao del Norte, Lanao del Sur, North Cotabato, South Cotabato, Isabela, Basilan, Zamboanga, Pagadian, Dipolog, Cotabato, General Santos, Iligan, and Marawi. (Preamble)
    b. Filipinos residing abroad unable to file due to reasons beyond their control. (Preamble)

Tax Rate and Payment
- Tax rate is 10% of declared untaxed income and/or wealth. (Section 2)
- Tax payable at the time of filing the return. (Section 2)
- If tax amount exceeds P10,000, installment payment allowed per schedule in Presidential Decree No. 161, but first installment must be paid upon filing, not later than May 31, 1973. (Section 2)

Availing Amnesty under Presidential Decree No. 157
- Taxpayer who filed 1972 return can avail amnesty by filing amnesty tax return with a copy of 1972 return or amended 1972 return. (Section 3)
- Taxpayer who did not file 1972 return can avail amnesty by filing amnesty tax return and 1972 return simultaneously. (Section 3)

Implementation
- Secretary of Finance to issue necessary rules and regulations upon recommendation of Commissioner of Internal Revenue. (Section 4)

Effectivity
- Decree takes effect immediately. (Section 5)