Senate passes bill extending estate tax amnesty until June 2023

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If passed into law, the deadline would further be extended to June 14, 2023.

Senate Bill No. 2208 aims to amend Republic Act No. 11213 or the Tax Amnesty Act of 2019, which grants the public a one-time offer of significantly reduced rates for previous tax delinquencies.

RA 11213 allots two years from the effectivity of the law's implementing rules and regulations for the executor or administrator of the estate, or his or her legal heirs, to avail of the estate tax amnesty. The program was supposed to end in April 2020, but because of travel restrictions during the coronavirus pandemic, the deadline was extended until June 14, 2021.

 

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