Office of the An i cr.up TWENTIETH CONGRESS OF THE REPUBLIC OF THE PHILIPPINES First Regular Session SEP -2 A10:04 SENATE S. No. 1327 Introduced by SENATOR MARK A. VILLAR AN ACT AN ACT FURTHER AMENDING REPUBLIC ACT NO. 11213, OR THE "TAX AMNESTY ACT", AS AMENDED BY REPUBLIC ACT NO. 11569 AND REPUBLIC ACT NO. 11956, BY EXTENDING THE PERIOD OF AVAILMENT OF THE ESTATE TAX AMNESTY UNTIL JUNE 14, 2027 EXPLANATORY NOTE Republic Act No. 11213 or the "Tax Amnesty Act," granted a one-time opportunity to settle tax obligations through an estate tax amnesty program that extended tax reliefs to estates with outstanding estate tax liabilities. The law was aimed at enhancing revenue administration and collection and to make the country's tax system more equitable by simplifying tax compliance requirements.1 Recognizing the potential for increased collections and the hardships brought upon by the COVID-19 pandemic, the scope of estates was expanded to cover decedents who died on or before 31 May 2022, and the period to avail was extended until 16 June 2025. From 2019 up to 2024, around 230,000 estates availed of the estate tax amnesty, generating over P11.5 Billion in collections by the Bureau of Internal Revenue.? However, this figure pales in comparison to the more than 2.3 million recorded deaths by the Philippine Statistics Authority from 2019 to May 2022 alone- highlighting the billions in potential revenue left to be collected. Moreover, it has been ' Analiza G. Berja and Donaldo M. Boo, Tax Implications of Republic Act No. 11213, XXXII.4 NTRC TAX RESEARCH JOURNAL 35 (2020). 2 See BIR 2023 and 2024 Annual Reports <https://www.bir.gov.ph/bir-annual-report?q=Bir>.
noted that the estate tax amnesty unlocks assets still registered under unsettled estates, enabling their use in commercial or economic activities that would create investment, jobs, and taxable transactions.3 Thus, extending the period to avail of the estate tax amnesty for another two (2) years, or until 14 June 2027, will generate much-needed revenues, grant relief to grieving taxpayers, and even stimulate economic growth. In view of the foregoing, the urgent passage of this bill is earnestly sought. MARK A. VILLAR 3 A. G. Berja and D. M. Boo, op. cit. supra note 1 at 38.
Sentate Office of the scrictarg TWENTIETH CONGRESS OF THE ) REPUBLIC OF THE PHILIPPINES ) First Regular Session ) 25 SEP -2 A10:04, SENATE RECEIVED BY: S. No. 1327 Introduced by Senator MARK A. VILLAR AN ACT AN ACT FURTHER AMENDING REPUBLIC ACT NO. 11213, OR THE "TAX AMNESTY ACT", AS AMENDED BY REPUBLIC ACT NO. 11569 AND REPUBLIC ACT NO. 11956, BY EXTENDING THE PERIOD OF AVAILMENT OF THE ESTATE TAX AMNESTY UNTIL JUNE 14, 2027 Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section 6 of Republic Act No. 11213 or the "Tax Amnesty Act", as
amended by Republic Act No. 11569 and Republic Act No. 11956, is hereby further amended to read as follows: "Section 6. Availment of the Estate Tax Amnesty; When and Where to File and Pay. - The executor or administrator of the estate, or is there is no executor or administrator appointed, the legal heirs, transferees or beneficiaries, who wish to avail of the Estate Tax Amnesty shall within June 15, 2023 until June 14, [2025] 2027, 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 payments 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
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: "XXx."
Sec. 2. 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. 3. Separability Clause. - If any provision of this Act is held unconstitutional
or invalid, such holding shall not affect other provisions not affected thereby.
Sec. 4. Repealing Clause. - All laws, decrees, executive orders, issuances,
rules, and regulations that are inconsistent with the provisions of this Act are hereby repealed or amended accordingly.
Sec. 5. Effectivity. - This Act shall take effect fifteen (15) days after its
publication in the Official Gazette or in at least two (2) newspapers of general circulation. Approved,