MANILA, Philippines — President Duterte yesterday signed Republic Act 11569 extending the estate tax amnesty for another two years or until June 14, 2023. The law amended Section 6 of Republic Act 11213 on the availment of the estate tax amnesty that expired last June 14.How long will Duterte extend estate tax amnesty program?
THE PRESIDENT will extend the validity of the estate tax amnesty program for two years, his spokesman said Thursday, even in the absence of President Rodrigo R. Duterte’s signature on a bill that will take the application deadline to June 14, 2023.What are the benefits of the amnesty extension?
The amnesty extension benefits both the government and the heirs of qualified estates. The government stands to receive much needed revenue while the heirs will have this chance to finally transfer the titles of these properties to the living generation. Which estates qualify for amnesty?What is the tax amnesty act of 2021?
Republic Act No. 11569 amends the Tax Amnesty Act, which set a June 14, 2021 deadline for the filing of estate tax returns.