Tax Amnesty Act - Estate Tax Extension from 2021 to June 2023
By: Honey Pearl Mose
June 10th, 2021
Real Estate Philippines, TRAIN LAW, Tax Amnesty Act Extension, Estate Tax



 

Good news! Estate Tax Amnesty is extended from June 15, 2021 to June 15, 2023.

 

Huge factor is the COVID-19 Pandemic that forced people to do community quarantine and save up for more essential priorities. As well as government offices are on skeletal forces then and slowly going back on track this 2021.

 

Read more about the Tax Amnesty Act or the Republic Act No. 11213  in BIR: 

https://www.officialgazette.gov.ph/downloads/2019/02feb/20190214-RA-11213-RRD.pdf

 

This is part of the Tax Reform for Acceleration and Inclusion (TRAIN) Law by President Duterte to lower estate tax in the Philippines from 0-20% to 6%. Regardless of the property value or how many they are, it is a standard of 6% covering unpaid taxes until December 31, 2017. 

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