BIR Ruling No. 475-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMEM: f' OF FINANCE

Qeon Ch

BIR Ruling No. 533- 2012 Tax Code. Sec. 90 (C) ot the NIRC. as amended

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42 Sta. Ana Extension. San Roque. Marikina City 1801 ESTATE OF CONCORDIA C. PAREDES

Atention : Ms. ELIZABETH P.TORRES Legal Heir

Madam:

tax return and pay the corresponding estate tax. heirs of CONCORDIA C. PAREDES. an extension of time within which to file the estate This refers to your tetter dated January 17, 2017 requesting on behalf of the other

Vegas. USA. and that your reason for your request of an extension to file the estate tax Philippines and different States in the United States thereby hampering your coordination return and pay estate tax is that the eleven (1l) heirs are living in different places in the for the filing of the return and payment of the tax within the reglementary period. It is represcnted that CONCORD1A C. PAREDES died on October 4. 2016 in L.as

of 1997. as amended. provide. viz.: In reply thereto. please be informed that Scctions 90 (C) and 91 (B) of the Tax Code

"St:C. 90. Estate Tax Returns.

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(C) Extension of Time. The

excceding thirty (30) days for filing the return.' Commissioner shall have authority to grant. in meritorious cases. a reasonable extension not

"SEC. 9+. Payment of tax.

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Estate of Concordi C. Puredes RE: Extension Period Estate Tax Puge 2 of 3

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(B) Extension ofTime. When the Commissioner finds that the payment on the due date of the estate tax or of any part thereof would impose undue hardship upon the estate or any of the heirs. he may extend the time for payment of such tax or any in case the estate is scttled extrajudicially. In such case, the amount in respect of which the extension is part thereof not to exceed five (5) years, in case the expiration of the period of the extension, and the estate is settled through the courts. or two (2) years granted shall be paid on or beforc the date of the

as provided in Section 203 of this Code shall he suspended for the period of any such extension." running of the Statute of Limitations for assessment

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may require the executor, or administrator. or beneficiary. as the case may be, to furnish a bond in such amount. not exceeding double the amount of the tax and with such sureties as the Commissioner deems necessary. conditioned upon the payment of If an extension is granted. the Commissioner

the said tax in accordance with the terms of the extension."

estate tax return for the Estate is hereby granted for a period of thirty (30) days counted hereby extended up to May 3. 2017. (BIR Ruling No. 533-12 dated August 29. 2012) trom April 4. 2017, which is the last day for filing of the estate tax return of the late CONCORDIA C. PAREDES. Thus. the filing of the estate tax return of the decedcnt is Based on the foregoing justifiable reason, your request for an extension to file the

different States in the United States thereby hampering coordination among the heirs for the filing of the estate tax return. your request for extension is GRAN'l'ED. such that the executor/administrator or heirs of CONCORDIA C. PAREDES shall pay the estate tax within two (2) years from actual fiting of the estate tax return on or before May 3. 2019. whichever comes first, provided that the executor, or administrator, or beneficiary. shalt furnish a bond in such amount. not exceeding double the amount of the tax and with such sureties as the Commissioner deems necessary, conditioned upon the payment of the said tax in accordancc with the terms of the extension. (BIR Ruling No. 533-12 dated August 29. 2(012) Further, sincc the siblings are living in different places in the Philippines and

475m;017 10-12-2017

Estute of Concordiu C. Paredes RE: Extension Period Estate Tux Puge 3 of 3

249 of the Tax Code of 1997, as amended. (BIR Ruling No. 533-12 dated A tgust 29. 2012). interest that shall have accrued thereon up to the time of payment of the estate tax due on the transmission by the said estate of its properties in favor of the heirs pursuant to Section It shall be understood. however. that the estate shall be liable for the corresponding

However. if upon investigation. it wili be disclosed that the facts are different. then this ruling shall be considered null and void This ruling is being issucd on the basis of the foregoing facts as represented.

Very truly yours.

1A

Commissioner of Internal Revenue CAESAR R. DULAY 009964

K- -JAC