The bill would eliminate the estate tax in the Philippines, repeal the related sections of the tax code, and replace the tax with a requirement that heirs obtain a clearance from the Bureau of Internal Revenue before any property or securities can be transferred.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB07436. Status changes over time; check the link for the latest.
HB07436 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.