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PRESIDENTIAL DECREE NO. 174
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PRESIDENTIAL DECREE NO. 174
- PROVIDING FOR THE FILING OF AMNESTY TAX RETURNS UNDER PRESIDENTIAL
DECREE NO. 23, AS AMENDED, BEYOND APRIL 2, 1973, UNDER CERTAIN
CONDITIONS
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WHEREAS,
although there has been a heavy turnout of filers of amnesty tax
returns under Presidential Decree No. 23, as amended, there is still a
big number of persons who have not been able to avail themselves of the
amnesty due to the following reasons:cralaw:red
a. The impossibility of availing oneself of the
amnesty due to fortuitous events such as unstable peace and order
conditions in certain areas, especially in the provinces of Zamboanga
del Norte, Zamboanga del Sur, Lanao del Norte, Lanao del Sur, North
Cotabato, South Cotabato and Isabela, and in the cities of Basilan,
Zamboanga, Pagadian, Dipolog, Cotabato, General Santos, Iligan and
Marawi. chanroblesvirtualawlibrary
b. The inability of Filipinos residing abroad to
avail themselves of the amnesty due to reasons and causes beyond their
control.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081 dated September 21, 1972, and General
Order No. 1 dated September 22, 1972, as amended, and in order to give
such persons the last chance to avail of the amnesty provided under
Presidential Decree No. 23, as amended, do hereby decree:cralaw:red
1. That persons, natural or juridical, who may
because of the reasons herein-above cited have failed to file their
amnesty tax returns under Presidential Decree No. 23, as amended, and
who wish to avail themselves of the amnesty may be allowed to file
their amnesty tax returns under Presidential Decree No. 23, as amended,
provided that such filing be done on or before May 31, 1973;chanroblesvirtualawlibrary
2. That the tax to be collected on the return to be
filed under Presidential Decree No. 23, as amended, shall be 10 per
cent of the declared untaxed income and/or wealth, and shall be payable
at the time of filing the return. If the amount of the tax is more than
P10,000.00, it may be paid in installments according to the schedule
provided for in Presidential Decree No. 161, except that in every case,
the first installment must be paid upon filing of the return but not
later than May 31, 1973; chanroblesvirtualawlibrary
3. A taxpayer availing himself of this amnesty after
April 16, 1973, who had already filed his return for 1972 may avail of
the amnesty under Presidential Decree No. 157 by filing with his
amnesty tax return under this decree a copy of his return for 1972 or
an amended return, if he desires to amend the return already filed. If
the taxpayer had not yet filed his return for 1972 for the same reasons
mentioned above, he may also avail of the amnesty under Presidential
Decree No. 157 by filing simultaneously with his amnesty tax return
under this Decree his return for 1972.
4. The Secretary of Finance, upon recommendation of
the Commissioner of Internal Revenue, shall issue the necessary rules
and regulations to implement this Decree. chanroblesvirtualawlibrary
5. This Decree shall take effect immediately.
Done in the City of Manila,
this 12th day of April, in the year of Our Lord, nineteen hundred and
seventy-three.
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