Former senator Ferdinand "Bongbong" Marcos Jr.TAX and legal experts are convinced that presidential candidate Ferdinand "Bongbong" Marcos Jr. cannot be faulted for his family's failure to settle its estate tax liabilities. Last December, the BIR sent a letter to the Marcos heirs demanding that they pay the tax dues. "That is why the estate has a separate TIN [tax identification number]," Abella, a tax law professor and bar reviewer, said. One jurist faulted the government for going after the Marcos estate. Sen. Aquilino "Koko" Pimentel 3rd wants the BIR investigated for failing to collect the tax due on the Marcos estate.

Source: Manila Times April 04, 2022 02:22 UTC