00:29.6
Alright. So, meron pong nabasa sa inquirer.net no?
00:34.6
May 18, 2023 na in-approve na daw ng House
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ang bill extending the estate tax amnesty deadline to June 2025.
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Now, take note that iyong estate tax amnesty na pinag-usapan natin
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ito po yung pinasa nung batas nung Republic Act No. 11213
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Tax Amnesty Act of 2019.
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2019 po po ito which was extended by Republic Act No. 11 of 11.569.
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Okay. Yung tiyang dawag natin yung extension of tax amnesty
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up to June 14, 2023.
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Alright. Now, remember that this deadline na June 14, 2023
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is malapit na. Ilang araw na lang po.
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And mind you, this estate tax amnesty program of the government
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is para ito siya sa mga estado noong namatay December 31, 2017 pa baba.
01:39.6
Okay. And ano po ba yung estate tax?
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Mabilisan lang po. Estate tax, ito po yung pagbayad po ng tax
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doon sa pribiliyo po ninyo na pagtransfer sa kanyong mga heirs
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or mga tagapagmana ng iyong property.
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Imagine, patay na po yung tao.
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Yung pribiliyo niya, itatax pa ng government.
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Okay. So, tama po talaga si Benjamin Franklin by saying that
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in this world, nothing can be said to be certain except debt and taxes.
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Meron talaga always taxes from the time that we are born
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up to the time that we are dead.
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During the time of where we are living, meron po talaga tax.
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Okay. So, pwede abil po natin itong tax, estate tax amnesty.
02:30.6
Alright. Now, take note that sa inquire.net noong April 20, 2023
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nagkaroon ng ugong na i-extend daw estate tax amnesty
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and by May 18 nga, 2023 dito na sa inquire.net
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nakikita ko na naka-approve na nga ng House.
02:50.6
When we say House, ito pong lower house.
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Yung House of Representatives.
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Congress is composed of House of Representatives and the Senate of the Philippines.
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Ito po yung bill ni Speaker Martin Romualdez.
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House Bill No. 7409.
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Okay. Now, let us try to see if ano na ba ang mangyayari.
03:13.6
Okay. Now, sa schedule po ng Congress, by June 3, 2023, mag-a-adjourn na sila sinidyay.
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Ibig sabihin, Latin is without any day.
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Ibig sabihin, mag-a-adjourn sila for an indefinite period.
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So, wala nang, hindi pa nalaman kung kailan ang balik.
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Wala pang schedule.
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So, when a legislative body adjourn, and this particularly without a day,
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without appointing a day on which it will appear or assemble again,
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yung babalik na naman sila pag-assemble.
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So, ibig sabihin, from that time, ngayon, computing natin 18 to how many days na lang?
04:00.6
May 18 tayo. I think it's about 16 days na lang bago sila mag-adjourn, no?
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So, dapat po talagang mabilisan. Yan nga ang clamor nila kung pwedeng yung kapartner daw nila ng Senate is,
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pwede ba mabilisan po nyo? Sabi po nila, no?
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Okay. So, big note that, ito nga, House of Representatives at saka Senate, composed yan siya ng Congress, no?
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So, tapos na po tayo sa, dito sa House of Representatives, sa lower house.
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wherein nagkaroon na po ng first, second, third reading. Approved na po.
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And yes, binabasa po yan at pinapa-approve. Approved na po sila.
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So, ang next step is to give it now to the Senate of the Philippines, no?
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So that they could form now what we call a bicameral committee.
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Ang bicameral committee po na composed of the House of Representatives and as well as the Senate, no?
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And then, they will have a conference committee report which will be submitted again back doon sa House of Representatives at saka sa Senate
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at ipapa-approve na naman sila. Votohan na yan.
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Habi ma-vote sila, tawagin lang yan. Mabilisan na yan siya.
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I hope in this remaining time, dahil na-submit naman, na-approve naman ni House of Representatives,
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I suppose and assume na nabigay na doon sa, ang version nila doon sa Senate, no?
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So, I hope meron ng bicameral committee and I hope makarating ito bago mag-adjourn sila by June 3.
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Bahala na pag, basta matapos nito, by June 3, okay na, mag-adjourn na sila.
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Kasi ang next step naman yan, iisipapasa na po yan sa Malacanang, no?
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And this bill, once submitted to the Malacanang, pag-aaralan niyan ngayon whether or not to approve it.
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But I, of course, I believe that this will be approved by Malacanang, by the President.
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Because this is a very important legislation to extend, no?
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Kasi nga, maraming hindi nakakaalam na talagang very important ito, na maka-avail nito.
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Once lang po ito nangyayari, no? Once in a blue moon.
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So, may-approve yan siya. Because maraming nga hindi pa nakaka-comply ng requirements at collecting income, generating revenue rin po yan sa government.
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So, pipirmahan po yan, ay 99%. So, pipirmahan po ni President Ferdinand Bongbong Marcos po.
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Alright, and once it will be signed, it will now have a Republic Act number.
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Let's say, 1, 2, 3, 4, 5. R.A. 1, 2, 3, 4, 5. Now, it becomes a law.
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Okay. Of course, it has to take effect 15 days after publication in the official gazette.
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So, yun lang po, no? Ang way, no? Ang tanong is that, maka-abot ba ito before sila mag-adjourn?
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Bahala na po. Tapos nila before sila mag-adjourn, bigay nila sa Malacanang at least from June 3 to June 14.
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Merong at least 10 days or more si President Ferdinand Bongbong Marcos, our President, whether to decide to approve it.
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But as I said, approve talaga yan. Kasi otherwise magagalit ang taong bayan sa kanila pag hindi ito ma-approve.
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Tingnan natin kung gano'n sila kabilis with this very important legislation para hindi magreklamo at magalit.
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Alright. So, with that, magmaging batas po siya, ito po yung kitsura niya, no?
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I will show to you. Ito po yung law when nai-pass po yung extension, no?
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So, lita po lang muna yung mukha ko dito para ma-ano natin. Okay. Yan, no?
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So, if you'll notice, i-zoom natin.
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Zoom natin, ha? Yan. Okay.
08:04.6
So, yan. 11-5-6-10. It is an act extending the estate tax amnesty. Yan.
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At ito po yung second page and the third page.
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Ang pinakamagala sa third page is that magkita mo, the effectivity nito, this act shall take effect 15 days after its publication in the official gazette, no?
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So, kailangan sa national talaga, na printing office natin.
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And ito approved dung dating Speaker of the House, na si Congressman Velasco, and dating Senate President, na si Pito Soto.
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And, of course, this was signed by our President, past President, Rodrigo Guadaltero, si Tatay Digong.
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Okay. So, that is an example of the extension.
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Okay. So, with that, I hope that you learned a thing or two. Palakihan natin.
08:57.6
And we pray na makaabot, no? Para even I, myself, talaga hindi pa ako nakatatapos sa pag-process nung...
09:11.6
Although yung iba, na-apply ko na, na-ipasok na sa BIAYA.
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Pag-iba kasi hindi pa dahil kulang ng requirements. Ano ba ang mga requirements kailangan yung death certificate?
09:20.6
Tabian, at early 1950s pa, saan kami magkua ng death certificate?
09:24.6
O sige, mag-ingay kayo ng certificate of death ulit nun sa LCR.
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And requirement naman is that pikturan yung, yung, ano, yung nitso.
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Para makita talaga, para ma-issue ka ng death certificate, di ba?
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Di ba older deaths ba? May hirap yun.
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Sometimes, may require pa talaga PSA, no?
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So, it's very technical and kailangan talaga ng oras pa.
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So, I hope makaabot po, no? Bilis-bilisan lang po natin ng konti.
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So, thank you po, no?
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Please share this knowledge to everyone, no?
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And this is a pre-legal forum nga ng inyong lingkod.
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And I want to share my modest knowledge about the laws.
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Because, you know, ang batas kasi always yan na asaban natin.
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From the time we were born, meron na yan.
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And everything sa ating daily life natin, meron na talaga yan.
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And hanggang na mamatay tayo.
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Kung tulad dito, we have to pay for the estate tax sa ating maiwang properties dun sa mga tagapagmana.
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So, what I'm trying to say is that when you learn something free, no?
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Like this forum, no?
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Please also share your knowledge, po.
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Para po makaritch tayo ng mas maraming people na maglearn ito.
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Thank you so much!
10:51.6
And I will see you again next time on this.
10:55.6
Thank you for watching this public service announcement.
