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House panel agrees to adopt Senate two-year estate tax amnesty
May 21, 2021 | 5:51 pm
June 14 is the deadline stipulated in Republic Act 11213 or the Estate Tax Amnesty Act.
On Sept. 15, 2020, the chamber approved on third reading House Bill 7068, which also called for a two-year extension of RA 11213.
The House later sought to extend it by a further two years, amending the tax amnesty deadline to four years from the original “two years from the effectivity of the Implementing Rules and Regulations of this Act.”
On Thursday, however, the Senate approved on third reading its version of the bill under Senate Bill 2208 which set the new deadline at June 14, 2023.