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PRESIDENTIAL DECREE NO. 201
PRESIDENTIAL DECREE NO. 201
- AMENDING PRESIDENTIAL DECREE NO. 174, DATED APRIL 12, 1973, BY
EXTENDING THE PERIOD FOR THE FILING OF AMNESTY TAX RETURNS TO JULY 31,
1973, AS REGARDS FILIPINOS RESIDING ABROAD
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WHEREAS,
there is yet a considerable number of Filipinos residing abroad who are
still unaware or uninformed of Presidential Decree No. 23, as amended,
granting tax amnesty on untaxed income and/or wealth;chanroblesvirtualawlibrary
WHEREAS, many of such Filipinos may wish to avail of such amnesty once
information and explanation on the Decree is relayed to them which
undertaking, however, requires adequate time because of limitations
imposed by a meager personnel and by the geographical distances of
areas to be covered in the continents of North America, Europe, Africa,
and other places where these Filipinos reside; and
WHEREAS, the period given to such Filipinos residing abroad within
which to avail of such amnesty ends on May 31, 1973;chanroblesvirtualawlibrary
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, do hereby decree that
Paragraphs 1 and 2 of Presidential Decree No. 174, dated April 12,
1973, are hereby amended to read as follows:cralaw:red
"1. That persons who may wish to avail of the amnesty
pursuant to Presidential Decree No. 23, as amended, may be allowed to
file their amnesty tax returns provided that such filing be done on or
before July 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 ten per
cent (10%) of the declared untaxed income and/or wealth, which shall be
computed in accordance with Revenue Regulations No. 4-73, dated April
25, 1973, and shall be payable at the time of filing the
return." chanroblesvirtualawlibrary
This Decree shall take effect immediately.
Done in the City of Manila,
this 2nd day of June, in the year of Our Lord, nineteen hundred and
seventy-three.
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