BBM not compelled to pay P203-B estate tax - Enrile

 

Former Senate President Juan Ponce Enrile is making his presence felt in this coming national elections.

 

In the defense of his political ally presidential aspirant Bongbong Marcos he is of the opinion that BBM cannot be compelled to pay estate tax amounting to P203 billion.

 

A former taxation professor, Enrile claimed that Marcos could not be compelled to pay the estate tax imposed on his father’s properties — initially pegged at P23 billion in July 1991 but soared to P203 billion because of annual interests and penalties — while the litigation on some of the properties is still ongoing, which he called “estate proceedings.”

 

(photo credit to owner)

The Supreme Court, however, ruled in March 1997 that the tax collection became “final and executory” regardless of whether litigation is ongoing.

 

“Hindi naman obligasyon ni Bongbong ang magbayad ng estate tax. Buhay pa siya eh (It is not Bongbong’s obligation to pay estate tax),” Enrile said.

 

“May issue ngayon sa titulo nung mga ari-arian so sasalang yun dun sa estate court. Hanggang matapos yung issue na ‘yun at maliwanagan kung sino talaga may-ari, ang estado o ang namatay ay hindi uusog yung estate proceeding at ang BIR naman hindi makakapag-assist ng estate tax (There were issues on the titles of properties which will undergo estate courts. Until those issues are settled–on who is the real owner, the state or the deceased–the estate proceeding will not advance and the BIR won’t be able to collect estate tax),” he added.

According to Enrile, Marcos should not be punished over the family’s unpaid tax dues.

Enrile, however, insisted that the estate proceedings were not yet over.

“Kung hindi pa natapos ‘yung estate proceeding, pano sasabihin ng Supreme Court na tama yung assessment ng BIR? Anong basehan nung BIR na mag-assess ng estate tax kung hindi pa tapos yung estate proceeding? (If the estate proceedings are not yet over, how can the Supreme Court say that the BIR’s assessment was right? What is the basis of the BIR in assessing the estate tax if the proceedings are ongoing?)” Enrile said.

“‘Yung sa Korte Suprema, mga tao lang ‘yun na nagkakamali din, eh (Those in the Supreme Court are also humans who commit mistakes),” he added.

 

 

 

 

 

 

 

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Report from Daily Tribune

 

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