Estate Tax Amnesty Extended in the Philippines for Two Years

Philippine President Rodrigo Duterte on Wednesday signed a law extending the estate tax amnesty for another two years.

The amended law, under the Estate Amnesty Act, extends the period in which taxpayers can take advantage of a one-time opportunity to settle their tax obligations, according to the state news service. The amnesty “gives reasonable tax relief to estates with outstanding estate tax liabilities,” it said.

• The new deadline has been pushed out to June 14, 2023 from June 15, 2021. Duterte signed the original extension in February 2019.
• The amnesty grants taxpayers immunity from estate tax payments, as ...