Bicameral Tax Amnesty Bill of 2018 excerpts:
- Amnesty covers all unpaid taxes until December 31, 2017.
- All corporations and individuals can avail of the general tax amnesty which will be either 5% of your net worth or 2% of your total assets. Payment of which will forgive and clean with finality all your tax liabilities (real estate, capital gains, vat, excise tax, all national taxes).
- Amnesty will likewise cover All estate taxes which now shall be at 6% of assessed value.
- Early Bird payment can avail of an additional 20% tax discount.
- Confidentiality and Immunity from any suit once you subject yourself to voluntary tax amnesty plan.
This is our Christmas Gift to everyone!!!