The Department of Finance and the Bureau of Internal Revenue is still keen on collecting all taxes, in response to reports claiming that heirs of the late dictator Ferdinand Marcos could not be compelled to pay P203 billion in estate taxes.
Sought for comment on a recent report citing anonymous sources within the BIR, Dominguez said statements were not the official stance of the agency.
“We have been in discussions, intense discussions with the Bureau of Internal Revenue," Dominguez told reporters on the sidelines of an event in Pasay City on Tuesday. “It is not a tax on property. It is a tax imposed on the privilege of transmitting property upon the death of the owner," it said in its official website.
“There was the amount of originally I think P9 billion and then it became P23 billion and then now because of penalties and interest, it’s now, they say, around P203 billion so which amount is going to be settled is in discussions now with BIR,” Dominguez explained. A spokesperson for the younger Marcos also noted that the ownership of the properties subject to the estate taxes“It’s not a coincidence that rivals of presidential frontrunner Bongbong Marcos are raising this matter in unison a few weeks before the elections. Sadly, this is all about politics,” Atty. Victor Rodriguez said.
Carpio said it is clear that the Tax Code and its implementing regulations impose upon the co-administrators of the Marcos Estate "the primary obligation to pay the estate tax, and the subsidiary obligation to pay the estate tax falls on all the heirs in proportion to their distributive share in the estate."
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