Inquirer
Estrada wants estate tax amnesty extended until June 2028
The Department of Finance (DOF) supports a bill to extend the Estate Tax Amnesty program until June 14, 2028.
Senator Jinggoy Estrada filed Senate Bill No. 1488, seeking the extension to allow more Filipino families to settle inheritance issues without penalties.
Estrada highlighted that many families struggle with poverty, lack of resources, documents, or legal assistance, preventing them from formalizing inherited properties.
The proposed measure amends the Tax Amnesty Act, specifically RA 11213 as updated by RA 11569 and RA 11956.
The original Estate Tax Amnesty program, which allowed a 6% estate tax rate without penalties for deaths on or before May 31, 2022, expired on June 14.
The extension aims to give heirs and beneficiaries additional time to formalize the transfer of ownership of inherited properties.
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