Senate D Office of the ecretarp TWENTIETH CONGRESS OF THE REPUBLIC OF THE PHILIPPINES ) First Regular Session 25 SEP 24 P12:47 SENATE RECEIVED BY Senate Bill No. 1406 Introduced by Senator Erwin T. Tulfo AN ACT FURTHER AMENDING REPUBLIC ACT NO. 11213, OTHERWISE KNOWN AS 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, AND FOR OTHER PURPOSES EXPLANATORY NOTE Under Republic Act No. 11213, otherwise known as the "Tax Amnesty Act" , as amended, heirs were given until June 2025 to settle unpaid estate taxes at a flat rate, free from surcharges, interest, and penalties. However, thousands of families were unable to avail of the amnesty within the prescribed period due to various reasons, such as documentary deficiencies, protracted estate settlement processes, or financial constraints. With the lapse of the amnesty period, heirs are now exposed to twenty five percent (25%) surcharge, an annual interest of twelve percent (12%) computed from the original deadline, and possible compromise penalties or even criminal liability for willful non-complance. This situation has placed many Filipino families in limbo, particularly those who continue to struggle with transferring land and other assets passed on to them by their loved ones. Left unresolved, inherited properties often remain idle or underutilized, stalling
economic activity and depriving both families and the government of much-needed revenue. By further extending the period of availment of the estate tax amnesty until June 14, 2027, this measure seeks to provide heirs and beneficiaries with another opportunity to finally settle their obligations in a fair and affordable manner. This extension not only relieves ordinary taxpayers of undue financial burden but also strengthens government revenue collections and promotes the productive use of inherited assets. In view of the foregoing, the immediate passage of the bill is earnestly sought. ERWIN T. TULFO
Senate TWENTIETH CONGRESS OF THE Offier of the a crrriag REPUBLIC OF THE PHILIPPINES First Regular Session SEP 24 P12:47 SENATE RECEIVED BY 1406 Senate Bill No. Introduced by Senator Erwin T. Tulfo AN ACT FURTHER AMENDING REPUBLIC ACT NO. 11213, OTHERWISE KNOWN AS 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, AND FOR OTHER PURPOSES Be it enacted by the Senate and the House of Representatives of the Philippines in Congress assembled:
SECTION 1. Short Title. - Section 6 of Republic Act (R.A.) No.
11213, otherwise known as the "Tax Amnesty Act" ', as amended by R.A. No. 11569 and R.A. No. 11956, is hereby further amended to read 4 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 if 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 the effectivity of this Act, the Secretary of Finance shall, in coordination with the Commissioner of Internal Revenue, issue the necessary rules and regulations for its effective implementation. Failure to promulgate such rules and regulations shall not prevent the implementation of this Act upon its effectivity.
SEC 3. Separability Clause. - Should any provision or part of this
Act be declared unconstitutional or invalid, the other provisions and parts hereof, insofar as they are separable from the invalid ones, shall remain in full force and effect.
SEC. 4. Repealing Clause. - All laws, decrees, orders, issuances,
rules, and regulations or parts thereof, which are inconsistent with this Act are hereby repealed or modified 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,