By virtue of R.A. No. 11956 known as An Act Further Amending Republic Act No. 11213, Otherwise known as the “Tax Amnesty Act”, as amended by Republic Act No. 11569, the period to avail of the estate tax amnesty is extended until June 14, 2025 and for other purposes.
Republic Act No. 11956 has lapsed into law on 5 August 2023 pursuant to Art. VI, Sec. 27(1) of the Constitution.
Estate Tax Amnesty covers the estate of the decedents who died on or before December 31, 2017. This does not mean that you do not need to pay estate tax at all. This only covers the payment of penalty for not paying estate tax within one year from the death of the decedents.
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