The House of Representatives approved on second reading the proposal to extend the estate tax amnesty under House Bill 6614 during its session on Wednesday, December 10, through viva voce voting.
House Committee on Ways and Means chairperson and Marikina City 2nd District Representative Miro Quimbo, the bill’s sponsor, said the government earned ₱15.52 billion from the amnesty from 2019 to June 2025.
It helped 318,254 families avoid paying penalties and interest on unpaid estate taxes.
“Behind every estate is a grieving family. Hindi ito reward ng kapabayaan; ito ay pagbibigay ng pagkakataon. Pagkakataon para maayos ang legal na estado ng mga ari-arian, at para ang susunod na henerasyon ay magmana ng pag-asa, hindi ng problema,” Quimbo said.
The bill covers estates of individuals who passed away up to December 31, 2024, allowing beneficiaries to settle estate taxes without interest or penalties until December 31, 2028. It also permits installment payments over two years, with the first installment at a minimum of 25% of the total tax due.
HB 6614 is among the priority measures identified by the Legislative-Executive Development Advisory Council (LEDAC) for expedited passage.