ICYMI: The government will collect what is due from the estate left behind by the late ousted dictator, Finance Secretary Carlos Dominguez III said.
As for the various figures being floated around as estimates of the unpaid estate taxes, Dominguez said: “That is for the BIR to determine. There are several amounts that have been floated around. There was an amount of originally 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 said he didn’t have estimates on the value of Marcos properties levied by the BIR “because the values have been changed through the years.” On Tuesday, former BIR deputy commissioner and resigned Government Service Insurance System chief Jesus Clint Aranas told the Inquirer that “an official statement by the BIR can put the issue at rest, ending the speculations of many.”“Whether or not they will and can collect tax is the ultimate question. All the legal remedies like garnishment and levy on any property determined to be owned by the estate can be auctioned off to cover the tax liabilities,” said Aranas, a tax lawyer.
“While a public auction is availing, the determining factor is the certainty of the list of the Marcos properties. Otherwise, the BIR cannot do the auction, added Aranas, who currently belongs to the presidential campaign of Sen. Ping Lacson.“Whether or not estate taxes are due is not the issue but the factual determination of which properties can be auctioned off.
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