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Section 1. Qualification. — Any person not falling under the exceptions provided in Section 2 of this Act may avail of the tax amnesty herein provided.cralaw:red 

Sec. 2. Exceptions. — The following taxpayers shall not be qualified to avail of the tax amnesty herein granted:

(1) Those with income tax cases already filed in court as of the effectivity of this Act; 
chanrobles virtuallaw libraryred(2) Those with criminal cases involving violations of the income tax law already filed in court as of the effectivity of this Act; 

(3) Those who have withholding tax liabilities under the National Internal Revenue Code, as amended, insofar as the said liabilities are concerned; 

(4) Those with pending cases involving unexplained or unlawfully acquired wealth before the Sandiganbayan; 

(5) Those liable under Title VII, Chapter III (Frauds, Illegal Exactions and Transactions) and Chapter IV (Malversation of Public Funds and Property) of the Revised Penal Code, as amended; and

(6) Those with pending cases involving unexplained or unlawfully acquired wealth falling under the jurisdiction of the Philippine Commission on Good Government. 

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Sec. 5. Schedule of Payment. — The amnesty tax herein imposed shall be paid within two (2) months from the filing of the amnesty tax return. If the amnesty tax is not paid within the prescribed period, a surcharge equivalent to twenty-five percent (25%) of the unpaid amount shall be paid; otherwise, the application for tax amnesty shall be denied.cralaw:red 

Sec. 6. Conditions of Tax Amnesty. — A taxpayer who wishes to avail of the tax amnesty shall: 

(1) File the following documents with the Bureau of Internal Revenue within the period herein prescribed: 

(a) A duly notarized sworn statement declaring the amount of foreign exchange and/or securities repatriated and that the amount so declared does not include current earnings or income otherwise taxable under the National Internal Revenue Code, as amended, such declaration being supported by pertinent documents that may be required by the Central Bank or the Bureau of Internal Revenue; and chanrobles virtuallaw libraryredchanrobles virtuallaw libraryred(b) An amnesty tax; and

(2) Pay the amnesty tax herein imposed within the prescribed period.chanrobles virtual law library 

(1) The taxpayer shall be relieved of any civil, criminal or administrative liabilities arising from or incident to the availment of the tax amnesty herein granted, which are actionable under the National Internal Revenue Code, the Revised Penal Code, the Anti-graft and Corrupt Practices Act, the Revised Administrative Code, the Civil Service laws and regulations, laws and regulations on immigration and deportation, or any other applicable law; and chanrobles virtuallaw libraryred(2) The taxpayer's tax amnesty declaration shall not be admissible in evidence in all proceedings before judicial, quasi- judicial or administrative bodies in which he is a defendant or respondent, and the same shall not be examined, inquired or looked into by any person, government official, bureau or office.chanrobles virtual law library 

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Any officer or employee of the Bureau of Internal Revenue or any government entity who inquires, questions or attempts to inquire into the tax amnesty declaration filed by any taxpayer pursuant to this Act shall be guilty of grave misconduct for which he may summarily be dismissed from the service.

Sec. 10. Rules and Regulations. — The Secretary of Finance, upon the recommendation of the Commissioner of Internal Revenue and the Central Bank Governor, shall promulgate the necessary rules and regulations to implement this Act.cralaw:red 

Sec. 11. Effectivity. — This Act shall take effect upon its approval. chanrobles virtuallaw libraryred
 
 

Approved: May 15, 1992