BIR urges taxpayers to be truthful in tax amnesty bids

The Bureau of Internal Revenue (BIR) warned  taxpayers availing of the government’s tax amnesty program to be truthful in their applications for amnesty, saying that heavy penalties await them in cases of violations of the law.

The government, through the BIR started last Sept. 6 its tax amnesty program through the Tax Amnesty Act of 2007.

BIR Assistant Commissioner Jaime B. Santiago said taxpayers who file a Tax Amnesty Return or Statement of Assets, Liabilities and Networth (SALN) and willfully understates their net worth to the extent of thirty percent or more shall, upon conviction be subject to the penalties of perjury under the Revised Penal Code (RPC).