July 7, 2022

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Senator seeks probe of P204-billion unpaid estate tax of Marcos family

2 min read

A SENATOR wants the Senate to investigate the government’s failure to collect billions of pesos of taxes from the heirs of the late dictator Ferdinand E. Marcos.

In a resolution dated March 28 but released only on Sunday, Senator Aquilino “Koko” L. Pimentel III sought the probe “in aid of legislation.” He also wants to identify past and current tax officials responsible for the oversight.

“There is an urgent and pressing need for the Senate to look into the reasons” why the Bureau of Internal Revenue (BIR) had failed to collect the taxes that have ballooned to almost P204 billion ($3.96 billion), according to a copy of Senate Resolution 998.

Both the country’s tax agency and a body formed in the 1980s to recover ill-gotten wealth of the dictator and his cronies this month confirmed the tax assessments, but did not say why these have not been paid.

The country’s tax agency had demanded payment of the taxes from Marcos estate administrators, Finance Secretary Carlos G. Dominguez III told reporters in a Viber message on Wednesday, citing the Bureau of Internal Revenue (BIR).

Internal Revenue Commissioner Caesar R. Dulay on March 14 said his office did send a written demand letter to the Marcos heirs on Dec. 2, 2021 regarding their tax liabilities.

The Presidential Commission on Good Government (PCGG) separately said the tax agency in 1991 assessed the estate of Ferdinand Marcos P23.29 billion in estate taxes, P184.16 million in unpaid income taxes of Mr. Marcos and his wife Imelda for 1985 and 1986, and P20,410 in unpaid income taxes against the dictator for 1982 to 1985.

In 1993, BIR levied and sold 11 Marcos properties in Tacloban after the family failed to file an administrative protest. The lots were awarded to the state in the absence of bidders, it said.

The Supreme Court in 1997 denied a plea by Marcos, Jr. to void the levies as it ruled the tax assessments had become final and unappealable.

Mr. Marcos’s detractors have pressed his…

Neil

2022-04-03 07:32:06

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