Yorme Isko’s ignorance on estate tax and yet he aspires to become president frustrates this lawyer

Atty. Nick of the FB page Nick Nañgit – NCN Law found it frustrating that someone like Yorme Isko who is aspiring to become the Philippines next leader is ignorant on matters as simple when to file ITR and pay estate tax.

Atty. Nick was reacting to Yorme Isko who was quoted by Inquirer that as April tax deadline is fast approaching, the Marcoses should pay their tax debt.

In that regard, Atty. Nick think aloud how Yorme Isko as President will implement tax collection when he does not know that paying estate tax and paying personal income tax has different due dates.

Atty. Nick reminded Yorme Isko that April 15 is the deadline for filing ITRs. He went on to make fun of Yorme Isko for raising the issue of the Marcoses estate tax just because April 15 is approaching while at the same time getting a free publicity.

Yorme Isko was apparently trying to convince Filipino voters that BBM and the Marcoses are tax evaders while projecting himself as a leader who will go after tax evaders, even if they are big names in PH politics.

You may now read Atty. Nick’s original FB post below.

Isa pa ito?!

Nasa ilalim ng DoF ang BIR, at nasa ilalim naman ng OP ang DoF. Paano mo ipatutupad ang pagkolekta ng buwis kung HINDI mo alam na magkaiba ang petsa sa pagbabayad ng estate tax at ang petsa sa pagbabayad ng income tax?

Ang April 15 ay para sa mga income tax returns (ITRs) ng mga indibidwal na taxpayers. Ibig mo bang sabihin na lahat ng namatay at namatayan ay kailangang mag file din ng estate tax returns (ETRs) sa April 15? Para maiwasan ang multa, dapat bang magpakamatay na ang mga nasa ICU bago mag April 15 o kaya ay ipagpaliban muna ang kanilang kamatayan hanggang sa susunod na April 15? So, dapat din bang sabay sabay ang pagkamatay at pagpapakamatay, dahil kukunin na ang mga kaluluwa bago mag April 15, para ma-meet ang deadline ng ETRs? Tinuro ba yan sa Harbat o ni Joma? Nakakalerkey!!!

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Source: Nick Nañgit – NCN Law 

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