Published on September 8, 2024

Republic Act No. 11956 extended the Estate Tax Amnesty until June 14, 2025.

This expands the coverage of estate tax amnesty to individuals who passed away on or before May 31, 2022. It also streamlines the documentary requirements and allows manual and electronic filing and payment by installment.

The Estate Tax Amnesty provides a one-time relief for taxpayers to settle the estate taxes of their loved ones and transfer their property inheritance affordably with a standard rate of 6% with NO PENALTIES and NO INTEREST.

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THE ESTATE TAX AMNESTY PROVIDES A ONE-TIME RELIEF FOR TAXPAYERS TO SETTLE THE ESTATE TAXES

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VINCENT PAUL S. PANGAN

MANAGING LAWYER