Ex-BIR chief seeks filing of tax evasion case vs. Marcos' estate executors

Published June 23, 2022, 8:55 AM

by Jun Ramirez

A former top official of the Bureau of Internal Revenue (BIR) suggested to the incoming Commissioner Lilia Guillermo to file a tax evasion case against the executors of the estate of the late President Marcos to determine the actual tax liabilities.

CPA-lawyer Kim Jacinto-Henares made the statement after Guillermo was quoted saying that President-elect Ferdinand R. Marcos, Jr. should be a role model taxpayer to encourage others to be more honest in settling their financial obligations to the government.

She was referring for the early settlement of the tax debts the details of which is not yet known to her.

The young Marcos and his mother were reported as the co-executors estate of their patriarch.

Henares believed that through court proceedings, the correct and realistic estate tax liabilities of the Marcos could be established.

The BIR assessed the estate tax debts at P3 billion which was not contested by the Marcos’ heirs as they were exiled to the United States and banned from returning before.

It went up to P23 billion when the Supreme Court issued its final and executory decision in 1999 to include interest and surcharges.

The amount further ballooned to P203 billion as claimed by some groups.

To settle the controversy, Henares suggested that the Marcos’ heirs should be given a chance to refute the huge deficiency assessment, which many BIR insiders described as “fantastic” and “unreasonable.”

They believed the assessment, among others, included assets already seized by Presidential Commission on Good Government and the 50 percent share of Marcos’ wife, Imelda.