Extending the Period of Availment of the Estate Tax Amnesty

CONGRESS OF THE PHILIPPINES TWENTIETH CONGRESS First Regular Session HOUSE OF REPRESENTATIVES H. No. 6614 Y REPRESENTATIVES MORAN, CHAN, ADIONG, RECTO, SUNTAY, LAGDAMBO (M.YM.), GUINT LIVAREZ, VILLAPUERTE (6.o) VILLAPUERTE (V.R.I.), MORIBATA, RIDON, DY (F.), MARCO QUIMBO, DIONISIO, VALERIANO, LAGBAS, LEDESMA, SINGSON-MANHAN, EMANO, ACOSTA, DAGOOC, MERCADO-REVILIA, BARBERS, RIVERA, NOLASCO, TUPAS, MADRONA, VILLARICA, ORETA, HERNANDEZ (C.A.), DIMAGUILA, UY (R.), LACSON, ANGELES, DE VENECIA, RAMA, CAGAS, LORIA, LEGACION, DOMINGO, GONZALES (R.), GLEPA, ATAYDE, AGYAO, MANOUDADATU, ABANTE, ZAMORA (Y.NL), PLEYTO, CHUA, YU (J.K.), YU (J.V.), LABADLABAD, PADIERNOS, BELTRAN, ODUCADO, SUAN, MONTES AND ROBES AN ACT FORTHER EXTENDING THE PERIOD OF AVAILMENT OF THE ESTATE TAX AMNESTY, AMENDING FOR THE PURPOSE SECTIONS 4, 6, AND & OF REPUBLIC ACT NO. 11213, OTHERWISE KNOWN AS THE "TAX AMNESTY ACT", AS AMENDED Be il enacted by the Senate and House of Representatives of the Philippines in Congress assembled: read as follows: SECTION I. Section 4 of Republic Act No. 11213, as amended, is herey further amended to "SEC. 4, Coverage. - There is bereby authorized and graned a tax amnesty, hereinafter called Estate Tax Amnesty, which shall cover the estate of decedents who died on or before (May 31, 2022] DECEMBER 31, 2824, with or without assessments duly issued therefor, whose estate taxes have renained umpaid or have accrued as of (May 31, 2022) DECEMBER 31, 2024: Provided, however. That the Estate Tax Amnesty bereby authorized and granted shall not cover instances enumerated under

Section 9 hereof."

SEC. 2. Section 6 of the same Act, as amended, is heredy further amended to read as follows:

"SEC. 6. Availment of the Estate Tax Amnesty; When and Where to File and Pay. - The executor or administrator of the estate, or if there is no executor o administrator appointed, the legal heirs, transferees or beneficiaries, who wish to avai

of the Estate Tax Amnesty shall, within June 15, 2023 until [June 14, 2025] DECEMBER 31, 2028, file, either electronically or manually, with any authorized agent bank, Revenue District Office through Revenue Collection Officer, or authorized tax software provider, a sworn Estate Tax Amnesty Return, in such forms as may be prescribed in the Implementing Rules and Regulations. The payment of the amnesty tax shall be made, either electronically or manually, at the time the Return is filed with any authorized agent bank, Revenue District Office through the Revenue Collection Officer, or authorized tax software provider: Provided, That the appropriate Revenue District Officer shall issue and endorse an acceptance payment form, in such form as may be prescribed in the Implementing Rules and Regulations of this Act for the authorized agent bank, or in the absence thereof, the revenue collection agent or authorized tax software provider concerned, to accept the tax amnesty payment: Provided, further, That for the availment of the estate tax amnesty, the requirements to be submitted to the Bureau of Internal Revenue (BIR) by the filers of the estate tax amnesty shall be limited to the following:

SEC. 3. Section 8 of the same Act, as amended, is hereby further amended to read as follows:

"SEC 8. Immunities and Privileges. - Estates covered by the Estate Tax Amnesty, which have fully complied with all the conditions set forth in this Act, including the COMPLETE payment of the estate amnesty tax shall be immune from the payment of all estate taxes, as well as any increments and additions thereto, arising from the failure to pay any and all estate taxes for the period ending [May 31, 2022] DECEMBER 31, 2024 and prior years, and from all appurtenant civil, criminal, and administrative cases and penalties under the National Internal Revenue Code of 1997, as amended. "* X x."

SEC. 4. Payment by Installment. - Payment by installment shall be allowed within two (2)

years from the statutory date for its payment without civil penalty and interest: Provided, That the minimum initial payment shall be at least twenty-five percent (25%) of the total amount due.

SEC. 5. Implementing Rules and Regulations. - Within thirty (30) days from its effectivity,

the Secretary of Finance shall, in coordination with the Commissioner of Internal Revenue, issue the necessary rules and regulations for the effective implementation of this Act. Failure to promulgate the rules and regulations shall not prevent the implementation of this Act upon its effectivity.

SEC. 6. Separability Clause. - If any provision of this Act is declared unconstitutional or

invalid, the other provisions not affected thereby shall remain in full force and effect.

SEC. 7. Repeating Clause. - All laws, orders, rules and regulations which are inconsistent with

the provisions of this Act are hereby repealed or amended accordingly.

SEC. 8. Effectivity. - This Act shall take effect fifteen (15) days after its publication in the

Official Gazette or in two (2) newspapers of general circulation. Approved,