Preliminary investigation conducted by the BIR showed that Vivian Nubla Sy was married to Edward Dee Sy. Stephnanie Ellen Nubla Sy, Mark Jonathan Nubla Sy, Karla Angela Nubla Sy and Tracy Nubla Sy are their children. During the investigation, it discovered that there was no estate tax return filed by the heirs of Mrs. Sy for taxable year 2007. It was ascertained by investigators that neither notice of death nor estate tax return was filed and the tax due paid by the heirs, in violation of provisions of the Tax Code. For their failure to file the requisite estate tax return, the heirs avoided payment of P40,527,102.40 in estate tax, inclusive of surcharge and interest.

Source: Manila Times December 21, 2017 14:15 UTC