Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. KENNETH T. GATCHALIAN 
EXPLANATORY NOTE 
In 2018, the TRAIN Act (RA 10963) was passed to reform the tax system. To 
complement this, the Tax Amnesty Act (RA 11213) was signed in 2019, giving 
taxpayers a chance to settle unpaid taxes and helping the government improve tax 
collection. However, general amnesty for all unpaid taxes was vetoed due to weak 
safeguards against tax evasion. 
In 2024, two more tax laws were enacted: 
•
Ease of Paying Taxes (EOPT) Act (RA 11976) – modernizes and streamlines
tax administration to boost efficiency and compliance.
•
CREATE MORE Act (RA 12066) – clarifies issues in the previous CREATE Act
to avoid unfair penalties for registered businesses.
To support these reforms, the General Tax Amnesty Act of 2025 is proposed. It will: 
•
Encourage voluntary tax compliance by waiving penalties and interests on
unpaid taxes.
•
Strengthen safeguards against tax evasion through bank secrecy lifting,
automatic information sharing, and stricter penalties for false asset
declarations.
This enhanced amnesty offers taxpayers a fresh start while ensuring transparency and 
protecting government integrity.  
In view of the foregoing, immediate passage of this measure is earnestly sought. 
KENNETH T.GATCHALIAN 
July 30, 2025
12:44 pm
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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
First Regular Session 
HOUSE BILL NO. ____ 
Introduced by HON. KENNETH T. GATCHALIAN 
AN ACT 
DECLARING A ONE-TIME AMNESTY ON ALL UNPAID INTERNAL REVENUE 
TAXES IMPOSED BY THE NATIONAL GOVERNMENT FOR TAXABLE YEAR 
2024 AND PRIOR YEARS  
Be it enacted by the Senate and the House of Representatives of the Philippines 
in Congress assembled: 
SECTION 1. Short Title. – This Act shall be known as the “General Tax Amnesty 
Act of 2025”. 
SEC. 2. Declaration of Policy. –  It is hereby declared the policy of the State to 
protect and enhance revenue administration and collection, and make the country’s 
tax system more equitable, by simplifying the tax compliance requirements. Towards 
this end, the State shall: 
a.
Broaden the tax base by offering a one-time general tax amnesty
of all internal revenue tax obligations that will help cleanse, organize, and
improve the Bureau of Internal Revenue database; and
b.
Provide a more equitable tax system by adopting a
comprehensive tax reform program that will simplify the requirements on
tax amnesties with the use of simplified forms, and utilization of
information technology in broadening the tax base.
SEC. 3. Definition of Terms. – As used in this Act: 
a.
Statement of Assets, Liabilities, and Networth refers to a
declaration of the assets, liabilities, and networth as of December 31,
2024, as follows:
1. Assets within or without the Philippines, whether real or personal,
tangible or intangible, whether or not used in trade or business:
Provided, That property other than money shall be valued at the cost
at which the property was acquired: Provided, further, That foreign
currency assets and/or securities shall be valued at the rate of
exchange prevailing as of the date of the Statement of Assets,
Liabilities, and Networth;
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2. All existing liabilities which are legitimate and enforceable, 
secured or unsecured, whether or not incurred in trade or business; 
and  
3. The networth of the taxpayer, which shall be the difference 
between the total assets and total liabilities.   
b. 
Total Asset refers to the amount of the aggregate assets whether 
within or without the Philippines, real or personal, tangible or intangible, 
or ordinary or capital.  
SEC. 4. Coverage. – There is hereby authorized and granted a tax amnesty, 
hereinafter called General Tax Amnesty, which shall cover all national internal revenue 
taxes such as, but not limited to, income tax, withholding tax, capital gains tax, donor’s 
tax, value-added tax, other percentage taxes, excise tax and documentary stamp tax 
collected by the Bureau of Internal Revenue, including value-added tax and excise 
taxes collected by the Bureau of Customs for taxable year 2024 and prior years, with 
or without assessments duly issued therefor, that have remained unpaid: Provided, 
however, That the General Tax Amnesty hereby authorized and granted shall not cover 
estate tax and persons or cases enumerated under Section 10 hereof.  
SEC. 5. Entitlement Under the General Tax Amnesty. – Any person, whether 
natural or juridical, who is covered by this law, may enjoy the immunities and privileges 
of the General Tax Amnesty by paying, at the taxpayer’s option, an amnesty tax at:  
i. the rate of two percent (2%) based on the taxpayer’s total assets as of 
December 31, 2024, as declared in the Statement of Total Assets; or  
ii.based on the taxpayer’s total networth as of December 31, 2024, as 
declared in the Statement of Assets, Liabilities, and Networth filed 
pursuant to Section 6 hereof and in accordance with the following 
schedule of amnesty tax rates and minimum amnesty tax payments 
required:  
a. Individual (whether resident or nonresident citizens, including 
resident or nonresident aliens), Trusts and Estates.……….5% or 
₱100,000, whichever is higher.  
b. Corporations  
1. With subscribed capital of above ₱50 million………5% or 
₱1,300,000, whichever is higher.  
2. With subscribed capital of above ₱20 million up to ₱50 
million………5% or ₱650,000, whichever is higher.  
3. With subscribed capital of ₱5 million up to ₱20 
million………5% or ₱350,000, whichever is higher.  
4. With subscribed capital of below ₱5 million………5% or 
₱150,000, whichever is higher.  
c. Other juridical entities, including, but not limited to, cooperatives 
and foundations, that have become taxable as of December 31, 
2024………5% or ₱100,000, whichever is higher.  
Provided, That if the taxpayer opts to pay the amnesty tax based on total 
networth and the computed networth is negative, the taxpayer may still avail of the 
benefits of tax amnesty, and pay the minimum amnesty tax.  
SEC. 6. Availment of the General Tax Amnesty; When and Where to File and 
Pay. – Any person, natural or juridical, who wishes to avail of the General Tax Amnesty 
shall, within one (1) year from the effectivity of the Implementing Rules and 


Regulations, file, either electronically or manually, with any authorized agent bank, 
Revenue District Office through Revenue Collection Officer, or authorized tax software 
provider, a sworn General Tax Amnesty Return accompanied by a notarized Statement 
of Total Assets or notarized Statement of Assets, Liabilities, and Networth, as the case 
maybe, in such forms as may be prescribed in the Implementing Rules and 
Regulations, as of December 31, 2024. The payment of the amnesty tax shall be made, 
either electronically or manually, at the time the return is filed with any authorized 
agent bank, Revenue District Office through Revenue Collection Officer, or authorized 
tax software provider: Provided, That the Revenue District Officer shall issue and 
endorse an Acceptance Payment Form, in such form as may be prescribed in the 
Implementing Rules and Regulations of this Act authorizing the authorized agent bank, 
the Revenue District Office through the Revenue Collection Officer or authorized 
software provider, to accept the amnesty tax payment.  
The availment of the General Tax Amnesty and the issuance of the corresponding 
Acceptance Payment Form do not imply any admission of criminal, civil or 
administrative liability on the part of the availing taxpayer.  
If the tax amnesty is availed based on the period indicated hereunder, the 
taxpayer shall be entitled to the corresponding reduction in the total amnesty tax due:  
a. 
If paid on or before the end of the third calendar month from the 
effectivity of the Implementing Rules and Regulations………20%;  
b. 
If paid after the end of the third calendar month until the end of 
the sixth calendar month from the effectivity of the Implementing Rules 
and Regulations………15%; and  
c. 
If paid after the end of the sixth calendar month until the end of 
the ninth calendar month from the effectivity of the Implementing Rules 
and Regulations………10%.  
Provided, finally, That, notwithstanding any contrary provision of Republic Act 
No. 1405, otherwise known as the Bank Secrecy Law, Republic Act No. 6426, otherwise 
known as the Foreign Currency Deposit Act of the Philippines, and other general or 
special laws, and for purposes of validation relative to availment of the General Tax 
Amnesty, the filing of a sworn General Tax Amnesty Return authorizes the 
Commissioner of Internal Revenue for the duration of the one (1) year period of 
availment of the General Tax Amnesty to inquire into and receive information on the 
taxpayer’s bank deposits and other related data held by local and foreign financial 
institutions, and to exchange information with a foreign tax authority pursuant to an 
international convention, agreement, or treaty to which the Philippines is a signatory 
or party thereof, duly ratified and concurred in by the Senate of the Philippines.   
SEC. 7. Contents of the Statement of Total Assets and Statement of Assets, 
Liabilities, and Net Worth. –   
A. 
The Statement of Total Assets shall contain a declaration of the 
total assets as of December 31, 2024, as follows:  
1. Assets within or without the Philippines, whether real or personal, 
tangible or intangible, whether or not used in trade or business:  
a. Real properties shall be accompanied by a description of 
their classification, exact location, and valued at the actual 
acquisition cost, zonal value, or the Schedule of Market Values 
at the time of acquisition, whichever is higher, if acquired by 
purchase; Provided, That if the real properties are acquired 


through inheritance or donation, it shall be valued at the actual 
price as stated in the real property transaction documents, 
zonal value, or the Schedule of Market Values, whichever is 
higher;  
b. Personal 
properties 
other 
than 
money, 
shall 
be 
accompanied by a specific description of the kind and number 
of assets (e.g. automobiles, shares of stock, etc.) or other 
investments, 
indicating 
the 
acquisition 
cost 
less 
the 
accumulated 
depreciation 
or 
amortization, 
or 
the 
corresponding book value for shares of stock, in proper cases, 
if acquired by purchase, or the fair market price or value at the 
date of the Statement of Total Assets, if acquired through 
inheritance or donation;  
c. 
Assets denominated in foreign currency shall be converted 
into the corresponding Philippine currency equivalent, at the 
rate of exchange prevailing as of the date of the Statement of 
Total Assets; and  
d. Cash on hand and in bank in peso as of the date of the 
Statement of Total Assets, as well as cash on hand and in bank 
in foreign currency, converted to Philippine peso at the rate of 
exchange prevailing as of the date of the Statement of Total 
Assets.  
B. 
The Statement of Assets, Liabilities, and Networth shall contain a 
true and complete declaration of assets, liabilities, and networth of the 
taxpayer as of December 31, 2024, as follows:  
1. Assets within or without the Philippines, whether real or personal, 
tangible or intangible, whether or not used in trade or business:  
a. Real properties shall be accompanied by a description of 
their classification, exact location, and valued at the actual 
acquisition cost, zonal value, or the Schedule of Market Values 
at the time of acquisition, whichever is higher, if acquired by 
purchase; Provided, That if the real properties are acquired 
through inheritance or donation, it shall be valued at the actual 
price as stated in the real property transaction documents, 
zonal value, or the Schedule of Market Values, whichever is 
higher;  
b. Personal 
properties 
other 
than 
money, 
shall 
be 
accompanied by a specific description of the kind and number 
of assets (e.g. automobiles, shares of stock, etc.) or other 
investments, 
indicating 
the 
acquisition 
cost 
less 
the 
accumulated 
depreciation 
or 
amortization, 
or 
the 
corresponding book value for shares of stock, in proper cases, 
if acquired by purchase, or the fair market price or value at the 
date of the Statement of Assets, Liabilities, and Networth, if 
acquired through inheritance or donation;  
c. 
Assets denominated in foreign currency shall be converted 
into the corresponding Philippine currency equivalent, at the 


rate of exchange prevailing as of the date of the Statement of 
Assets, Liabilities, and Networth; and  
d. Cash on hand and in bank in peso as of the date of the 
Statement of Assets, Liabilities, and Networth, as well as cash 
on hand and in bank in foreign currency, converted to 
Philippine peso at the rate of exchange prevailing as of the date 
of the Statement of Assets, Liabilities, and Networth.  
2. All existing liabilities, which are legitimate and enforceable, 
secured or unsecured, whether or not incurred in trade or business, 
disclosing or indicating clearly the name and address of the creditor 
and the amount of the corresponding liability. Foreign currency 
denominated liabilities are converted to Philippine peso at the rate 
of exchange prevailing as of the date of the Statement of Assets, 
Liabilities, and Networth.  
3. The total networth of the taxpayer, which shall be the difference 
between the total assets and total liabilities.  
SEC. 8. Presumption of Correctness of the Statement of Total Assets, and 
Statement of Assets, Liabilities, and Networth. – The Statement of Total Assets or the 
Statement of Assets, Liabilities, and Networth, filed at the option of the taxpayer shall 
be considered true and correct, except where the amount of total assets or networth 
as declared in the Tax Amnesty Return, Statement of Total Assets, or Statement of 
Assets, Liabilities, and Networth is understated to the extent of thirty percent (30%) 
or more as may be established by the Commissioner of Internal Revenue: Provided, 
That the Commissioner of Internal Revenue shall make such determination within a 
period of one (1) year from the availment of General Tax Amnesty.  
The Acceptance Payment Form, and the General Tax Amnesty Return shall be 
submitted to the Revenue District Office after complete payment. The completion of 
these requirements shall be deemed full compliance with the provisions of this Act. A 
Certificate of Availment of the General Tax Amnesty shall be issued by the Bureau of 
Internal Revenue within fifteen (15) calendar days from submission to the Bureau of 
Internal Revenue of the Acceptance Payment Form and the General Tax Amnesty 
Return. Otherwise, the duplicate copies, stamped as received, of the Acceptance 
Payment Form, and the General Tax Amnesty Return shall be deemed as sufficient 
proof of availment.  
SEC. 9. Immunities and Privileges. – Those who avail of the General Tax Amnesty 
and have fully complied with all the conditions set forth in this Act and upon payment 
of the amnesty tax shall be entitled to the following immunities and privileges:  
a. 
With respect to the years covered by the tax amnesty, the 
taxpayer shall be immune from the payment of taxes, as well as additions 
thereto, and from all appurtenant civil, criminal, and administrative cases 
and penalties under the National Internal Revenue Code of 1997, as 
amended, arising from the failure to pay any and all internal revenue taxes 
for taxable year 2024 and prior years and from such other investigations 
or suits insofar as they relate to the assets, liabilities, networth, and 
internal revenue taxes that are subject of the tax amnesty.  
b. 
Any information or data contained in, derived from or provided 
by a taxpayer in the Tax Amnesty Return, Statement of Total Assets or 
Statement of Assets, Liabilities, and Networth, as the case may be, and 


appurtenant documents shall be confidential in nature and shall not be 
used in any investigation or prosecution before any judicial, quasi-judicial, 
and administrative bodies. However, the taxpayer may use this as a 
defense, whenever appropriate, in cases brought against the taxpayer.  
c. 
The books of accounts and other records of the taxpayer for the 
years covered by the tax amnesty availed of shall not be examined by the 
Bureau of Internal Revenue: Provided, That the Commissioner of Internal 
Revenue may authorize in writing the examination of the said books of 
accounts and other records to verify the validity or correctness of a claim 
for any tax refund, tax credit (other than refund or credit of taxes withheld 
on wages), tax incentives, and/or exemptions under existing laws.  
All these immunities and privileges shall not apply when the taxpayer failed to 
file a General Tax Amnesty Return and a Statement of Total Assets, or Statement of 
Assets, Liabilities, and Networth, as the case may be, or where the amount of total 
assets or networth as of December 31, 2024 is proven to be understated to the extent 
of thirty percent (30%) or more, in accordance with the provisions of Section 8 hereof, 
or in cases of fraud, regardless of the extent of the under-declaration of total assets 
or networth.  
Upon full compliance with all the conditions set forth in this Title and payment 
of the corresponding general amnesty tax, the tax amnesty granted under this Title 
shall become final and irrevocable.  
SEC. 10. Exceptions. –  The General Tax Amnesty under this Act shall not extend 
to the following:  
a. 
Withholding tax agents who withheld taxes but failed to remit the 
same to the Bureau of Internal Revenue.  
b. 
Taxpayers with cases pending in appropriate courts at the time 
of application of the General Tax Amnesty involving:  
1. Those that fall under the jurisdiction of the Presidential 
Commission on Good Government;  
2. Unexplained or unlawfully acquired wealth under Republic Act No. 
3019, otherwise known as the Anti-Graft and Corrupt Practices Act, 
and Republic Act No. 7080 or An Act Defining and Penalizing the 
Crime of Plunder;  
3. Violations of Republic Act No. 9160, otherwise known as the Anti-
Money Laundering Act, as amended;  
4. Tax evasion and other criminal offenses under Chapter II of Title 
X of the National Internal Revenue Code of 1997, as amended; and  
5. Felonies of frauds, illegal exactions and transactions, and 
malversation of public funds and property under Chapters III and IV 
of Title VII of the Revised Penal Code;  
c. 
Tax cases that have become final and executory; and  
d. 
Delinquencies and assessments that have become final and 
executory.  
SEC. 11. Declaration under Penalties of Perjury. - Any declaration, return, and 
other statement required under this Act shall contain a written statement that they 
are made under the penalties of perjury. Any person who willfully files a declaration, 
return, or statement containing information which is not true and correct as to every 


material matter shall, upon conviction, be subject to the penalties prescribed for 
perjury under the Revised Penal Code.  
In case a false or fraudulent return is willfully made, the penalty to be imposed 
shall be fifty percent (50%) of the tax or of the deficiency tax, in case, any payment 
has been made on the basis of such return before the discovery of the falsity or fraud: 
Provided, That failure to report total assets or net worth in an amount exceeding thirty 
percent (30%) as determined by the Commissioner of Internal Revenue pursuant to 
the rules and regulations to be promulgated by the Secretary of Finance, shall 
constitute prima facie evidence of a false or fraudulent return.  
Provided, further, That if the offender is a juridical entity, the penalties shall be 
imposed on the entity’s responsible officers, such as, but not limited to, the president, 
chief executive officer, general manager, or partner directly responsible, or members 
of the board of directors, others who have beneficial interest in the juridical entity, 
and employees responsible for the violation.   
SEC. 12. Confidentiality and Non-use of Information and Data in the Statement 
of Total Assets and Statement of Assets, Liabilities, and Networth. –  Any information 
or data contained in, derived from or provided by a taxpayer in the Tax Amnesty 
Return, Statement of Total Assets or Statement of Assets, Liabilities, and Networth, 
as the case may be and appurtenant documents shall be confidential in nature and 
shall not be used in any investigation or prosecution before any judicial, quasi-judicial, 
and administrative bodies.  
Any statement of assets, liabilities, and networth, financial statements, 
information sheets, and any such other statements or disclosures that may have been 
previously submitted by the taxpayer as required by existing laws are deemed to have 
been amended by the Tax Amnesty Return and/or the Statement of Total Assets or 
Statement of Assets, Liabilities, and Networth, as the case may be, filed under this Act 
and may not be the subject of any investigation or prosecution or be used in any 
investigation or prosecution before any judicial, quasi-judicial, and administrative 
bodies.  
SEC. 13. Information Management System. – For purposes of enhancing 
revenue administration, revenue collection and policy formulation, the Department of 
Finance, in coordination with the Bureau of Internal Revenue, Land Registration 
Authority, Department of Trade and Industry, Securities and Exchange Commission, 
Land Transportation Office, and other agencies concerned, shall institute an 
Information Management Program for the effective use of information declared or 
obtained from the Tax Amnesty Returns and Statements of Total Assets or Statements 
of Assets, Liabilities, and Networth, as the case may be, required to be filed under this 
Act.  
All the statements and returns required under this Act shall be filed and processed 
separately from all other records of the Bureau of Internal Revenue in accordance with 
the Implementing Rules and Regulations of this Act.  
If the data requirements consist of information found in the income tax return of 
taxpayers, the requirements under Section 71 of the National Internal Revenue Code 
of 1997, as amended, shall still be complied with. The Information Management 
System shall also comply with the provisions of Republic Act No. 10173, otherwise 
known as the Data Privacy Act and such other laws relating to confidentiality of 
information.  


SEC. 14. Unlawful Divulgence of Tax Amnesty Return and Appurtenant 
Document. –  It shall be unlawful for any person having knowledge of the Tax Amnesty 
Return and appurtenant documents, to disclose any information relative thereto, and 
any violation hereof shall be penalized a fine of one hundred fifty thousand pesos 
(P150,000) and imprisonment of not less than six (6) years but not more than ten (10) 
years: Provided, That if the offender is an officer or employee of the Bureau of Internal 
Revenue or any government entity, the penalties under Section 270 of the National 
Internal Revenue Code of 1997, as amended, shall apply: Provided, further, That the 
offender shall likewise suffer an additional penalty of perpetual disqualification to hold 
public office.  
SEC. 15. Report to Oversight Committee. – The Commissioner shall submit to 
the Oversight Committee referred to in Section 290 of the National Internal Revenue 
Code of 1997, as amended, through the Chairpersons of the Committee on Ways and 
Means of the Senate of the Philippines and the House of Representatives, a detailed 
report on the implementation of this Act within six (6) months after the one (1)-year 
period of availment of the General Tax Amnesty.  
SEC. 16. Implementing Rules and Regulations. – The Secretary of Finance shall, 
in coordination with the Commissioner of Internal Revenue, promulgate and publish 
the necessary rules and regulations of this Act within ninety (90) days from its 
effectivity.  
The failure of the Secretary of Finance to promulgate the said rules and 
regulations shall not prevent the implementation of this Act upon its effectivity.  
SEC. 17. Separability Clause. – If any provision of this Act is subsequently 
declared invalid or unconstitutional, the other provisions hereof which are not affected 
thereby shall remain in full force and effect.  
SEC. 18. Repealing Clause. – All other laws, acts, presidential decrees, rules and 
regulations or parts thereof inconsistent with the provisions of this Act are hereby 
expressly repealed, amended or modified accordingly.  
SEC. 19. Effectivity. – This Act shall take effect after fifteen (15) days following 
its complete publication in the Official Gazette or in a newspaper of general circulation.