TO: The Commissioner of Internal Revenue
With a view to enabling taxpayers concerned to prepare accurately the statement of assets, liabilities and net worth required under Presidential Decree No. 379, as amended, to be submitted not later than September 30, 1974, and in order to ease the burden of paying the amnesty tax provided in Presidential Decree No. 370, you are hereby instructed:

1. To allow any person, natural or juridical, who has availed of the tax amnesty under Presidential Decree No. 370 but failed to include in his return all that were required to be declared therein to file an amended return covering such undeclared income and/or wealth and to pay the tax prescribed in the said Decree on or before September 30, 1974, in accordance with existing revenue rules and regulations or with paragraph 2 hereof;
2. To accept, upon representation of the person concerned, payment of the amnesty tax in installments beyond the period prescribed in the aforesaid and previous amnesty tax decrees where,  upon your sound discretion and judgment, payment within the prescribed periods would cause undue hardships upon such person, and provided, further, that the extension of the period of payment in installments does not exceed two years from the date the last installment was originally due.
3. All  the  immunities  and  guarantees  declared  under Presidential Decree No. 370 shall extend to all those who shall file an amended return pursuant to this Instructions.

Done in the City of Manila, this 1st day of July, in the year of Our Lord, nineteen hundred and seventy-four.