ATTY. PEACHES MARTINEZ-ARANAS
In last week’s article, we discussed House Bill (HB) 8554, the proposed “Tax Amnesty Act of 2018,” covering tax liabilities for taxable year 2017 and prior years, with or without tax assessments, that have remained unpaid as of Dec. 31, 2017. HB 8554 was approved by the House of Representatives on third and final reading on Nov. 20, 2018, and is sponsored by House Ways and Means Committee Chairman Estrellita B. Suansing of the second district of Nueva Ecija.