Friday, 14 September 2018

The House of Representatives' 2018 Proposed Tax Amnesty

he 2018 Tax Amnesty (House Bill 3832) being proposed by the Congress contained the same provisions that Republic Act 9480, aka 2005 Tax Amnesty. Believe me if we are going to copy cat the 2005 Tax Amnesty and apply its provisions to 2018 Tax Amnesty, chaos, confusion and corruption will still exist. The purpose of giving tax amnesty is to give a PEACE OF MIND to all Taxpayers in the Philippines. The provisions of the 2005 Tax Amnesty had been rejected by the Former President Gloria M Arroyo, by way of ignoring the said law. Now let us see how she will ferry with the same provisions when the 2018 proposed Tax Amnesty reached her desk. I am so disappointed because the 2018 Tax Amnesty Proposal provided so many areas for the graft and corruption to continue and persist. One of which is its cut-off date. Instead of December 31, 2017 as its cut-off date, the said House Bill shortened it from January 1, 2006 up to June 30, 2016. I find it to be so comical and ridiculous because it will open up opportunities for grafters and corruptors in the BIR to profit from uncovered taxable periods. I believe that such House Bill is contrary to the 1987 Philippine Constitution because it is not uniform and equitable. It denied and deprived those Estates that failed to file an estate tax return and pay the tax due thereon for the period prior to January 1, 2006. Please subscribe for I will expose the weaknesses of the 2018 Tax Amnesty.'