Bill Type
Long Title
FULL TITLE : AN ACT ENHANCING REVENUE ADMINISTRATION AND COLLECTION BY GRANTING AMNESTY ON ALL UNPAID IMPOSITIONS LEVIED BY GOVERNMENT FOR TAXABLE YEAR 2017 AND PRIOR YEARS, AND FOR OTHER PURPOSES
Congress Author
Date filed
February 28, 2019
Scope

Legislative History

House Bill/Resolution NO. HB09153
FULL TITLE : AN ACT ENHANCING REVENUE ADMINISTRATION AND COLLECTION BY GRANTING AMNESTY ON ALL UNPAID IMPOSITIONS LEVIED BY GOVERNMENT FOR TAXABLE YEAR 2017 AND PRIOR YEARS, AND FOR OTHER PURPOSES
ABSTRACT : Seeks to respond to the recent partial veto of the Tax Amnesty Program that was approved in December 2018 and recognizes a general tax amnesty for all unpaid internal revenue taxes in order to improve the State's economic standing by expanding its taxpayer base, and decloging the dockets of the BIR and the courts of tax cases.Provides that the grant of the general tax amnesty shall cover all taxes such as, but not limited to income tax, withholding tax, capital gains tax, donor's tax, value-added tax, percentage taxes, excise tax, and documentary stamp tax collected by the BIR, including value-added tax and excise taxes collected by the BOC for taxable year 2017 and prior years.Proposes to incorporate provisions for the lifting of bank secrecy and authorizing an automatic exchange of Information for certain cases involving tax administration.
PRINCIPAL AUTHOR/S : CUA, DAKILA CARLO E.
DATE FILED : 2019-02-28
SIGNIFICANCE: NATIONAL
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2019-05-20

Abstract

Seeks to respond to the recent partial veto of the Tax Amnesty Program that was approved in December 2018 and recognizes a general tax amnesty for all unpaid internal revenue taxes in order to improve the State's economic standing by expanding its taxpayer base, and decloging the dockets of the BIR and the courts of tax cases.Provides that the grant of the general tax amnesty shall cover all taxes such as, but not limited to income tax, withholding tax, capital gains tax, donor's tax, value-added tax, percentage taxes, excise tax, and documentary stamp tax collected by the BIR, including value-added tax and excise taxes collected by the BOC for taxable year 2017 and prior years.Proposes to incorporate provisions for the lifting of bank secrecy and authorizing an automatic exchange of Information for certain cases involving tax administration.

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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.