12 months BIR releases regulations on estate tax amnesty MB
By Jun Ramirez The Bureau of Internal Revenue (BIR) released Friday the much-awaited guideline on the estate tax amnesty in a bid to collect some P6 billion in back taxes from the heirs of decedents. Bureau of Internal Revenue (MANILA BULLETIN) In signing Revenue Regulations No. 6-2019, Finance Secretary Carlos G. Dominguez said the law provides “taxpayers a one-time opportunity to settle estate tax obligations through the program that will give reasonable tax relief to estate with outstanding estate tax liabilities.” The amnesty covers the estate of the deceased who died on or before Dec. 31, 2017 which liabilities remained ... more