{"id":439,"date":"2019-06-19T14:33:47","date_gmt":"2019-06-19T06:33:47","guid":{"rendered":"http:\/\/scp-ph.com\/blogsite\/?p=439"},"modified":"2019-06-19T14:33:50","modified_gmt":"2019-06-19T06:33:50","slug":"latest-issues-on-bir-regulation-in-estate-tax-amnesty-rr-no-6-2019","status":"publish","type":"post","link":"https:\/\/scp-ph.com\/blogsite\/?p=439","title":{"rendered":"Latest issues on BIR Regulation in Estate Tax Amnesty (RR) No. 6-2019"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"http:\/\/scp-ph.com\/blogsite\/wp-content\/uploads\/2019\/06\/Estate-Tax.jpg\" alt=\"\" class=\"wp-image-442\" width=\"587\" height=\"386\"\/><\/figure>\n\n\n\n<p>The Bureau of internal Revenue (BIR) released a revenue\nregulation (RR) No. 6-2019,&nbsp; Estate Tax\nAmnesty 2019. The said BIR regulation was published on May 31, 2019 to take\neffect on Monday, June 17, 2019. The Department of Finance (DOF) had estimated\na 6.28-billion revenue from estate tax amnesty in it\u2019s two years\nimplementation.<\/p>\n\n\n\n<p>Republic Act No. 11213 (Tax Amnesty Act) provided for\ncollection of only 6% of each deceased\u2019s total net taxable estate at the time\nof death. <\/p>\n\n\n\n<p><strong>What is Estate Tax Amnesty or RR No. 6-2019?<\/strong><\/p>\n\n\n\n<p>The program of RR No. 6-2019, provides the taxpayers a one\ntime opportunity to settle estates tax obligation through an estate tax amnesty\nprogram that will give reasonable tax relief to estates with outstanding estate\ntax liabilities. Under RR 6-2019, the minimun estate tax for the transfer of\nthe estate of each decedent will be P5,000.<\/p>\n\n\n\n<p><strong>Who are covered by the Estate Tax Amnesty program?<\/strong><\/p>\n\n\n\n<p>These are the estate decedent\u2019s who died on or before\nDecember 31, 2017, with or without tax assestment issued, whose estate taxes\nremain unpaid as of December 31, 2017. Exemption under RR includes:<\/p>\n\n\n\n<p>-deliquent estate tax liabilities, which have become final executory\nand covered by tax amnesty on deliiquencies; and properties involved in cases\npending in appropriate courts.<\/p>\n\n\n\n<p><strong>How to avail Estate Tax Amnesty?<\/strong><\/p>\n\n\n\n<p>In the payment and filing for estate tax , availees should\nsecure an estate tax amnesty return form, and shall file their estate tax\namnesty application within two year from the effectivity of the RR. The form\nshall be filed at the respective Revenue District Office (RDO) having\njurisdiction over the last residence of the decedent.<\/p>\n\n\n\n<p><strong>Source of Info: <\/strong><a href=\"https:\/\/businessmirror.com.ph\/2019\/04\/25\/bir-releases-draft-rr-on-estate-tax-amnesty-proposal\/\">https:\/\/businessmirror.com.ph\/2019\/04\/25\/bir-releases-draft-rr-on-estate-tax-amnesty-proposal\/<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/business.inquirer.net\/272726\/estate-tax-amnesty\">https:\/\/business.inquirer.net\/272726\/estate-tax-amnesty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bureau of internal Revenue (BIR) released a revenue regulation (RR) No. 6-2019,&nbsp; Estate Tax Amnesty 2019. The said BIR regulation was published on May 31, 2019 to take effect &#8230;<\/p>\n","protected":false},"author":7,"featured_media":442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[5],"tags":[],"_links":{"self":[{"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/posts\/439"}],"collection":[{"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=439"}],"version-history":[{"count":1,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/posts\/439\/revisions"}],"predecessor-version":[{"id":443,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/posts\/439\/revisions\/443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=\/wp\/v2\/media\/442"}],"wp:attachment":[{"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scp-ph.com\/blogsite\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}