MANILA - The Senate has approved a bill seeking to grant amnesty to delinquent tax payers, Senate Ways and Means Committee chair Sonny Angara said Monday.
Senate Bill No. 2059 grants amnesty to taxpayers who have been remiss on paying estate taxes, all national internal revenue taxes, including value-added taxes, and excise taxes collected by the Bureau of Customs.
The bill was passed on third and final reading by senators.
“We hope that this measure will encourage those in the formal and non-formal sector to legitimize, properly declare and pay the correct taxes without fear of civil, criminal or administrative penalties,” Angara said.
The measure also aims to enhance revenue collection, minimize administrative costs in pursuing tax cases and de-clog the tax case dockets pending in various courts.
Angara said the Bureau of Internal Revenue has more than P197.57 billion in delinquent accounts covering 2015 and prior years sitting idly in more than 58,600 cases.
Those who will avail of the amnesty program will be spared from civil, criminal and administrative cases and other penalties, he said.
A similar bill is undergoing deliberations in the House of Representatives.