GLIMPSE OF A CPA'S MIND

Estate Tax Amnesty availment extended until June 14, 2023 (Revenue Regulations No. 17-2021 issued on August 4, 2021) This tax alert is issued to inform all concerned taxpayers on the extension of the availment period for Estate Tax Amnesty under Republic Act (RA) No. 11569 and certain amendments/clarifications on the process of availment of estate tax amnesty. The period of availment of Estate Tax Amnesty is extended until June 14, 2023 pursuant to RA No. 11569, amending RA No. 11213. Duly accomplished and sworn Estate Tax Amnesty Return (ETAR) and Acceptance Payment Form (APF) with proof of payment , together with the complete documentary requirements, shall be submitted to the RDO in triplicate copies. Failure to submit the same until June 14, 2023 is tantamount to non-availment of the Estate Tax Amnesty. The following amendments/clarifications to the existing rules on availment of Estate Tax Amnesty are also provided by the BIR: Within five (5) working days from receipt of ETAR, ...

BIR EXTENDS THE DEADLINE DUE TO ECQ RESTRICTIONS TO PREVENT COVID-19 DELTA VARIANT FROM SPREADING The Philippines taxing authority extends the deadline of filing and payment of taxes and submission of reports falling within the period from August 06 to August 20, 2021 for taxpayers under ECQ and/or MECQ. Deadlines are extended fifteen (15) days from the date of lifting ECQ/MECQ.  The following regular tax returns are affected during this ECQ/MECQ period: a. Filing and payment of BIR form 1601C (WC) - due date August 10, 2021 b. Filing and payment of BIR form 0619E (EWT) - due date August 10, 2021 c. Filing and payment of  BIR form 1600 (VAT/ PT withheld)  - due date August 10, 2021 d. Filing and payment of  BIR form 0621 (Taxes Withheld on Withdrawn Amounts from Decedent's Deposit Account)  - due date August 10, 2021 e. Filing and payment of  BIR form 1606 (Onerous Transfer of Real Property other than Capital Asset)  - due date August 10, 2021 f. Fil...

LEGAL ISSUE: Did Angel Locsin commit imprudence and negligence under article 365 of the Revised Penal Code after the senior citizen died while waiting for his turn to receive some goods from Angel Locsin's birthday community pantry? Was she liable for damages under article 1172 of the New Civil Code as well due to negligence in maintaining order while conducting community pantry? (disclaimer: Photos grabbed from the internet) What is your legal opinion about this?