Senate ratifies bicameral conference committee report on tax amnesty bill 2 SHARES Share it! Share TweetBy Hannah TorregozaThe Senate on Thursday ratified the bicameral conference committee report on the tax amnesty bill which shall give taxpayers a one-time opportunity to settle their tax obligations. The tax amnesty bill grants those who have failed to pay for taxable year 2017 and prior years the opportunity to settle tax obligations, including estate taxes, general taxes and delinquent accounts. But for estate tax amnesty, taxpayers would be given two years to avail. The senator said any unlawful divulgence of tax amnesty return and supporting documents has corresponding penalties.

Source: Manila Bulletin December 13, 2018 07:18 UTC