7 months Estate tax amnesty IRR release seen this week Manilatimes |Biz
THE Bureau of Internal Revenue (BIR) said on Monday it would finalize this week the implementing rules and regulations (IRR) of the estate tax amnesty program. In a statement, the tax agency said “the final estate rax regulation” was expected to “be issued within this month.” This came after the bureau held a public consultation on the proposed IRR, which was among the provisions retained by President Rodrigo Duterte when he partially vetoed Republic Act 11213, or the Tax Amnesty law, earlier this year. According to the proposed rules, the amnesty shall cover the estate of the deceased who died ... more