A bill extending the estate tax amnesty deadline to June 14, 2025, has been approved by the House of Representatives on the third and final reading. | GabrielLaluINQ
HB No. 7909 is the consolidated version of bills seeking an estate tax amnesty, including HB No. 7409 authored by Speaker Ferdinand Martin Romualdez, Majority Floor Leader and Zamboanga City 2nd District Rep. Manuel Jose Dalipe, Ilocos Norte 1st District Rep. Ferdinand Alexander Marcos, and Tingog party-list Reps. Yedda Marie Romualdez and Jude Acidre.
During the deliberations at the House committee on ways and means, panel chairperson and Albay 2nd District Rep. Joey Salceda said that the approval of the bill is important since a lot of families have failed to settle the estate of their deceased relatives due to several concerns, including the COVID-19 pandemic.
According to Salceda, there are families who still struggle with the filing of required documents, while some fail to comply with financial requirements.meanwhile asked his former classmates in the Senate to start discussing estate tax amnesty extensions so that Congress can submit the bill for President Ferdinand Marcos Jr.’s signature before the legislature goes into a sine die adjournment by June 3.R.A. No. 11213, was signed by former president Rodrigo DuterteThe Duterte-signed R.A. No.
This means that the estate of descendants who died on or before December 31, 2017 — with or without assessments duly issued thereof, and whose estate taxes remained unpaid or have accrued as of the same date — were covered. However, delays brought about by the COVID-19 pandemic also hampered the processing of estate taxes as different lockdowns and restrictions were placed in several areas since the law was signed.Subscribe to our daily newsletter
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Miss Universe PH names representatives to Miss Supranational, Miss Charm 2023 pageantsAfter the crowning of Michelle Dee as MissUniversePhilippines2023, the MUPH organization has named two other Filipina beauty queens as the country’s representatives in international pageants. MUPH2023TheCoronation MUPH2023
Baca lebih lajut »
Thai star Win Metawin is headed to ManilaAttention, Filipino Thai drama fans! Thai actor Win Metawin is coming to the Philippines for his first solo fan meeting.
Baca lebih lajut »
LOOK: NCT DoJaeJung to hold fan concert in PHSave the date, Filipino NCTzens, because another NCT sub-unit is coming to Manila.
Baca lebih lajut »
Here are the ticket prices, seat plan for TXT’s ‘ACT: Sweet Mirage’ tour in AugustReady your wallets, MOAs! | via philstarlife
Baca lebih lajut »
House bill seeks fuel subsidy for fisherfolkA MEASURE at the House of Representatives seeks to provide a monthly fuel subsidy for municipal fisherfolk.
Baca lebih lajut »
Congress urged to pass House bill on PCG modernizationThe Philippine Coast Guard (PCG) and a lawmaker encouraged the Congress to approve a proposed bill from the House of Representatives that seeks to modernize the agency through asset acquisition, facility upgrade, and personnel training. | ManilaBulletin
Baca lebih lajut »