BIR Ruling No. 277-2022

REPUBUICOF THE PHILIPPINFS

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

a Quezon City

Sec.91 (B)& (C). Tax Code j3IR Ruling No. 550-19

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MRS. ROSABELLA L. ONGPIN

Dear Mrs. Ongpin:

ONGPIN for a reasonable extension to pay the estate tax due on October 8. 2021 through * cash instaliment under the following schedule: This refers to your request on behaif of the heirs of the late MARCO GABRIEL C.

Installment 1 2 3 1 Amount Octcher 6. 2021 January 6. 2022 April 6. 2022 July: 6. 2022 Due Date

Total

request is premised on the considerable amount to be paid in estate tax. limitation of funds available. and size of the estate. It is represented that Marco Gabriel C. Ongpin passed away on October 8. 2020. The

Revenue Code of 1997. as amended. provide. viz.: In reply thereto, please be informed that Section 91 (B) and (C) of the National Internal

"SEC. 91. Paymer:1 of tux. -

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granted shall be puid on or before the dar? of the uxpiration of the In such case, the amount in respect of which the extension is he may extend the time for nayment of such tax or any part thereof not to exceed five (5) years; in case the estute is s?'tled through the courts, or two (2) vears in :ase the estate is settle t! extrajudicially: the payment on the due cate of the estate tax or any part thereof would inpose undue hartship upon the e state or my of the heirs. (B) Extensin of Time. - When the Commissioner finds that

of-

shall he suspended for the: period of amy such extension. Limitations for as sessment us provided in Section 203 of this Code period of the extension. and the ru ming of the Statue of

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furnish a bond in such amount, uot exceeding douhle the amount of the tax and with such sureties as th? Comnissioner deems necessary: conditioned upon the payment of the said tax in accordance with the terns of the extension. If an extension is granted. the Conmissioner my require the executor. or udministrator. or beneficiarr. as the cuse ma be. to

date for its payme rt without civil penalty and interest. the estate is insufficient to pay the total estate tax due. payment hy installment shall be allowed within two (2) years from the statutory (C) Payment by Installment. -- In case the nvailable cash of

necessary. conditioned upon the payment of the said tax in acccrdance with the terms of the tax is hereby granted, such that the executor/administrator or Feirs of Marco Gabriel C! 2022. without civil penalty and interest, and with such sureties as the Commissioner deems Ongpin shall pay the estate tax in four (4) installments. the tast installment being on July 6. extension. In view of the foregoing justifiable reason. your request for extension to pay the estate

Please be guided accordingly.

V ery truly yours.

LARRY M^BARCELO Assistant Commissioner Legai Service

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