Senator Christopher “Bong” Go has filed Senate Bill No. 2329 to extend the estate tax amnesty program, providing Filipino families extra time to settle unpaid estate taxes and legally transfer inherited properties.
The proposed legislation amends Republic Act No. 11213 (the Tax Amnesty Act, as amended) by moving the application deadline to December 31, 2028. It also expands coverage to include the estates of individuals who died on or before December 31, 2024, expanding the scope beyond the current May 31, 2022 cutoff.
“This proposal aims to provide them with more sufficient time and a less burdensome way to fulfill their obligations,” Go said.
Under the bill, legal heirs, executors, or administrators can file the Estate Tax Amnesty Return manually or electronically through authorized agent banks, Revenue District Offices, or approved tax software providers.
To further ease the financial burden, the measure permits flexible payment terms, allowing taxpayers to pay in installments over two years—provided a minimum 25 percent down payment is made—without incurring civil penalties or interest.
Once fully paid and compliant with documentation, qualifying estates will receive immunity from unpaid estate taxes, surcharges, and related civil, criminal, or administrative penalties.
Go emphasized that many families are still recovering from the economic strain and unexpected losses brought by the COVID-19 pandemic.
“Many families have endured more than just grief; they also have to deal with expenses and paperwork related to the assets left behind. Every peso counts, especially for ordinary Filipinos who continue to face the crisis. We must give them a reasonable opportunity to settle these matters,” the senator said.