The House ways and means panel on Tuesday approved a bill extending the period of availment of estate tax amnesty from June 15 this year to June 14, 2025.
The committee, chaired by Albay Representative Joey Salceda, also approved a motion by Nueva Ecija Rep. Ria Vergara that a provision stating the heirs who got a donated estate worth P1 million and below will not have to pay the 6% donor’s tax anymore be included in House Bill 7409.
Salceda and the BIR assured Castro that the measure will not benefit the Marcos family since Republic Act 11213, which is being amended by House Bill 7409, is explicit in stating that the Estate Tax Amnesty will not extend to estate tax cases which shall have becomeThe Supreme Court ruling imposing estate tax on the Marcos family became final and executory on March 9, 1999.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sotheby’s to auction world’s largest ruby in New York in JuneThe new stone, whose name means 'Star of Fura' in Portuguese, was unearthed from mining company Fura’s ruby mine in Mozambique's northern region of Montepeuz in July 2022. CDNDigital FULL STORY:
Read more »
Gasoline prices down P1.40/liter TuesdayMotorists will get a slight reprieve starting Tuesday, as oil firms are set to roll back pump prices of petroleum products after three straight weeks of increases for both gasoline and kerosene.
Read more »
Rollback of fuel prices on TuesdayLocal oil firms will roll back pump prices of gasoline, diesel and kerosene by as much as P1.40 per liter effective Tuesday, April 25, 2023, ending a three-week streak of increases. CDNDigital READ:
Read more »
PH weather will be generally fair, hot, humid on Tuesday, April 25MANILA, Philippines — The country will see generally fair, hot, and humid weather on Tuesday, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa)
Read more »
Pre-trial on missing e-sabong agent's case set for JuneA pre-trial hearing on the disappearance of an e-sabong agent, who was allegedly abducted in his home in 2021, is set to start in June.
Read more »
DICT, Marcos to decide on SIM registration extension on TuesdayThe Department of Information and Communications Technology will meet with President Ferdinand Marcos Jr. to make a final decision on a possible extension for SIM card registration. | SAbrogarINQ
Read more »