17/08/2023
The estate tax amnesty has been extended until 14 JUNE 2025 through the enactment of Republic Act No. 11956 (R.A. No. 11956) amending R.A. No. 11213 otherwise known as the "Tax Amnesty Act".
As amended, the estate tax amnesty now covers those estate of decedents who died on or before 31 May 2022. Accordingly, R.A. No. 11956 simplified the requirements in filing the estate tax amnesty return, which are as follows:
1. Certified True Copy of the Death Certificate of deceased relative from the Philippine Statistics Authority (PSA). If this is not available, a Certificate of No Record of Death from the PSA plus any government-issued document that can prove the fact of death;
2. TIN of the Estate of the Deceased relative;
3. TIN of heir/s;
4. Government-issued Identification Card of Authorized Representative, the heirs, or transferees;
5. Certified True Copy of Tax Declaration of real properties at the time of death;
6. Certificate of No Improvement issued by Assessor's Office where declared properties have no improvement;
7. Certificate of Deposit owned by the decedent for bank accounts and other investments;
8. Certificate of Registration of vehicles (if there is any);
9. Certificate of Stocks (if there is any)
Noteworthy, R.A. No. 11956 specifically states that a Deed of Extrajudicial Settlement of the Estate is no longer required in PAYING the estate tax amnesty due. However, the Bureau will not issue the Certificate Authorizing Registration (CAR) until you submit the Deed Extrajudicial Settlement of the Estate. This CAR is a mandatory requirement before the Registry of Deeds and LGU in order to transfer the title and the tax declarations, respectively, under the names of the new owners.
This could be the final extension as this is the second time the estate tax amnesty was extended since the enactment of R.A. 11213 in 2019. The first extension was through the enactment of R.A. 11569 which gave the taxpayers an additional two years to file the estate tax amnesty return (from 15 June 2021 to 14 June 2023). Hence, start collating those requirements and process the application with the appropriate BIR RDO.