Live life agelessly, purposefully, mindfully, happily…
Heirs of a decedent who died on or before December 31, 2017, and who are not covered by exceptions under Sec. 3 of RR No. 6-2019 dated May 29, 2019, are qualified to apply under the extended estate tax amnesty. However, you only have until June 14, 2023 to avail of this.
Continue reading “Get your free ebook on the extended estate tax amnesty!”
Last June 30, 2021, President Duterte signed Republic Act (R.A.) No. 11569, extending the estate tax amnesty (RA 11213) by another two years till June 14, 2023. The news was received with a collective sigh of relief. Many who had been working on their amnesty application but were affected by the pandemic were given a new opportunity to do so.
The original deadline based on the Tax Amnesty Act (RA 11213) was June 14, 2021 but the pandemic resulted in a low turnout of people availing of the amnesty. Rep. Joey Salceda, chairman of the House Ways & Means Committee, noted that out of the targeted PhP 6 billion in taxes from the amnesty program, only about PhP 1.362 billion was collected.