Last April 8, 2019, we were greeted with good news. The first IRR finally came out. BIR's Revenue Regulation No. 4-2019 ("RR"), however, implements only a portion of the Tax Amnesty Act, specifically the settlement of your tax delinquencies.
Remember that tax amnesty does not mean that you can go scot-free from your delinquencies: it means that the government will take you off the hook if you pay a certain amount and allow yourself to be subjected to various requirements. This amnesty applies to taxable year 2017 and earlier.
To put a long story short, below is the list of covered tax delinquencies with the rates required to be paid:
A. Delinquent accounts and assessments which have become final and executory - 40% of the basic tax assessed;
B. Tax cases subject of final and executory judgment by the courts - 50% of the basic tax assessed;
C. Pending Criminal Cases filed with the DOJ/Prosecutor's Office or the courts for tax evasion and other criminal cases under Chapter II of Title X and Section 275 of the Tax Code, as amended - 60% of the basic tax assessed; and
D. Withholding agents who withheld taxes but failed to remit to the BIR - 100% of the basic tax assessed, even if the taxes shall fall under letters (A), (B) or (C) above.
