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AGRI Party-list Rep. Wilbert T. Lee lauded the passage of House Bill No. 7909, which aims to expand the coverage and extend the period of availment of the estate tax amnesty for two (2) years. The House of Representatives yesterday approved on 3rd reading HB 7909, which will provide taxpayers enough period to settle their […]
AGRI Party-list Rep. Wilbert T. Lee has filed a measure which seeks to extend the estate tax amnesty period to two years. Under House Bill No. 7842, Lee aims to provide taxpayers enough period to settle their tax dues as the amnesty period is about to lapse on June 14, 2023, under Republic Act No. […]
Aksyon Demokratiko presidential candidate and Manila Mayor Isko Moreno said the unpaid P203 billion Marcos estate tax if recovered by the Bureau of Internal Revenue (BIR), will be sufficient to support the government’s cash aid program for Filipinos who need financial assistance amid the COVID-19 pandemic and rising oil prices. At the presidential debate organized […]
Senator Koko Pimentel III is encouraging delinquent taxpayers with unsettled estate tax liabilities to avail of the amnesty period provided by Republic Act 11213, which was signed into law by President Rodrigo Duterte on Feb. 14. The new “Tax Amnesty Act” aims to enhance revenue generation for the government by encouraging citizens to pay the […]
Following the passage of estate tax reform in the House of Representatives, the Senate immediately acted on the various proposals that seek to lower, simplify and update estate tax rates to lighten the tax burden of bereaved families. The House of Representatives on Monday approved on third and final reading two bills granting amnesty in […]