The BIR is planning to auction off Marcos properties
BIR — The Bureau of the Internal Revenue is planning to auction off some of the properties of late President Ferdinand Marcos as his heirs continue to refuse in paying the estate tax.
Last March 30, the BIR disclosed in a report to Finance Secretary Carlos G. Dominguez III that the heirs of late President Marcos haven’t paid any estate tax despite the tax bureau’s demands and efforts.
For this reason, the BIR indicated to Dominguez that the tax bureau will instead consolidate the real estate titles, or properties under the name of late President Marcoses, and put them on the auction block.
The tax bureau, however, admitted that selling those Marcos properties “may take time”.
“Bottomline Marcos does not take any steps to settle and pay because pending litigation,” the tax bureau reported to the Department of Finance. “BIR is collecting and demanded payment from the Marcos estate administrators.”
The BIR report to Dominguez came hours after President Rodrigo Duterte’s weekly “Talk to the People” address aired on Wednesday wherein he called out the tax bureau for its failure to collect a certain estate tax.
President Duterte, however, didn’t say from whom.
“They [Marcos estate administrators] have not paid,” the BIR declared in the report. “BIR will continue to consolidate the titles in favor of the government on those properties which have been levied upon.”
READ ALSO: President Duterte Calls Out BIR Over Uncollected Estate Tax
Atty. Vic Rodriguez, the legal counsel and spokesperson of presidential candidate Bongbong Marcos, earlier maintained that the heirs of the late President can’t settle yet the family’s unpaid estate tax.
Rodriguez said in a statement that their rivals are misdirecting the public by claiming that the case “has attained finality when the truth of the matter is, it is still pending in court.”
In 1997, the Supreme Court (SC) affirmed a decision by the Court of Appeals on the Marcos family’s estate tax liability as final and executory.
Retired Supreme Court Justice Antonio Carpio estimated that the estate tax of the Marcos heirs had ballooned to PHP 203.8 billion due to penalties and interests after they refused to pay it.
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