All 24 senators voted in favor of Senate Bill No. 2219 or the proposed Tax Amnesty Act.
MANILA, Philippines – In a unanimous vote, the Senate on Monday, May 29, approved a bill seeking to extend the period of availment of estate tax amnesty by two more years.
If it becomes a law, besides extension availment, applicants may also pay through installment within two years from the original date of its payment without civil penalty and interest. The measure also seeks to expand the coverage of the tax amnesty and include the estates of those who have died on or before May 31, 2022.
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