Lawmaker Proposes Extension of Estate Tax Amnesty Until 2028
Manila: Sen. Jinggoy Estrada has introduced a bill aimed at extending the estate tax amnesty period, which concluded last June 14, for an additional three years, until June 14, 2028. The purpose of this extension is to provide Filipino families with more time to address long-standing inheritance matters without the pressure of penalties or significant financial burdens. According to Philippines News Agency, Senate Bill No. 1488 proposes amendments to the Tax Amnesty Act, or Republic Act No. 11213, which was earlier updated by RA 11569 and RA 11956. The bill seeks to grant heirs and beneficiaries extra time to legally