Implementing Rules for Estate Tax Amnesty Program
April 2, 2019
On 29 March 2019, the Bureau of Internal Revenue (BIR) released Revenue Regulations No. 6-2019 or the implementing rules to avail of the estate amnesty under Republic Act (RA) No. 11213. The said regulations provides “taxpayers a one-time opportunity to settle estate tax obligations through the program that will give reasonable tax relief to estate with outstanding estate tax liabilities.”