ARTICLE · 01 FEBRUARY 2024

Estate Tax Amnesty Is Extended

Napiere Abueg Ragsac & Partners

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Good news for the heirs who still have remaining unsettled estates of their ancestors.

PhilippinesTax

Renuel Napiere

Good news for the heirs who still have remaining unsettled estates of their ancestors.

Republic Act No. (RA) 11956, extending the Tax Amnesty Act, has now lapsed into law, in accordance with Article VI Section 27 (1) of the 1987 Philippine Constitution which provides that:

"SECTION 27. (1) Every bill passed by the Congress shall, before it becomes a law, be presented to the President. If he approves the same, he shall sign it; otherwise, he shall veto it and return the same with his objections to the House where it originated, which shall enter the objections at large in its Journal and proceed to reconsider it. If, after such reconsideration, two-thirds of all the Members of such House shall agree to pass the bill, it shall be sent, together with the objections, to the other House by which it shall likewise be reconsidered, and if approved by two-thirds of all the Members of that House, it shall become a law. In all such cases, the votes of each House shall

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