The Philippines Bureau of Internal Revenue has published Revenue Regulations No. 4-2019, which provides the implementing rules and regulations for the Tax Amnesty Act that was approved in November 2018. The Regulations provide that all persons, whether natural or juridical, with internal revenue tax liabilities covering the taxable year 2017 and prior years, may avail of the tax amnesty on delinquencies within one year from the effective date of the regulations. This includes the application of tax amnesty rates as follows: Delinquent accounts and assessments which have become final and executory - 40% of the basic tax assessed; Tax cases...