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00:00.0
Hello and good day!
00:02.0
Pag-usapan po natin ngayon itong tax amnesty
00:05.7
which meron na po tayong deadline
00:08.0
hanggang June 14, 2023 na lang.
00:13.0
Now, may umuugong na balita na
00:15.8
na-approve na nga daw ang extension
00:18.8
for another 2 more years.
00:21.0
So, ang tanong po is that
00:23.4
extended na nga ba ang estate tax amnesty hanggang June 14, 2025?
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
00:38.6
ang bill extending the estate tax amnesty deadline to June 2025.
00:43.6
Now, take note that iyong estate tax amnesty na pinag-usapan natin
00:48.6
ito po yung pinasa nung batas nung Republic Act No. 11213
00:53.6
Tax Amnesty Act of 2019.
00:55.6
2019 po po ito which was extended by Republic Act No. 11 of 11.569.
01:06.6
Okay. Yung tiyang dawag natin yung extension of tax amnesty
01:09.6
up to June 14, 2023.
01:12.6
Alright. Now, remember that this deadline na June 14, 2023
01:19.6
is malapit na. Ilang araw na lang po.
01:23.6
And mind you, this estate tax amnesty program of the government
01:29.6
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?
01:41.6
Mabilisan lang po. Estate tax, ito po yung pagbayad po ng tax
01:46.6
doon sa pribiliyo po ninyo na pagtransfer sa kanyong mga heirs
01:52.6
or mga tagapagmana ng iyong property.
01:55.6
Imagine, patay na po yung tao.
02:00.6
Yung pribiliyo niya, itatax pa ng government.
02:04.6
Okay. So, tama po talaga si Benjamin Franklin by saying that
02:10.6
in this world, nothing can be said to be certain except debt and taxes.
02:17.6
Meron talaga always taxes from the time that we are born
02:20.6
up to the time that we are dead.
02:22.6
During the time of where we are living, meron po talaga tax.
02:26.6
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
02:39.6
nagkaroon ng ugong na i-extend daw estate tax amnesty
02:43.6
and by May 18 nga, 2023 dito na sa inquire.net
02:48.6
nakikita ko na naka-approve na nga ng House.
02:50.6
When we say House, ito pong lower house.
02:52.6
Yung House of Representatives.
02:54.6
Congress is composed of House of Representatives and the Senate of the Philippines.
02:58.6
Ito po yung bill ni Speaker Martin Romualdez.
03:03.6
House Bill No. 7409.
03:07.6
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.
03:25.6
Ibig sabihin, Latin is without any day.
03:29.6
Ibig sabihin, mag-a-adjourn sila for an indefinite period.
03:34.6
So, wala nang, hindi pa nalaman kung kailan ang balik.
03:37.6
Wala pang schedule.
03:39.6
So, when a legislative body adjourn, and this particularly without a day,
03:44.6
without appointing a day on which it will appear or assemble again,
03:49.6
yung babalik na naman sila pag-assemble.
03:51.6
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?
04:06.6
So, dapat po talagang mabilisan. Yan nga ang clamor nila kung pwedeng yung kapartner daw nila ng Senate is,
04:14.6
pwede ba mabilisan po nyo? Sabi po nila, no?
04:17.6
Okay. So, big note that, ito nga, House of Representatives at saka Senate, composed yan siya ng Congress, no?
04:27.6
So, tapos na po tayo sa, dito sa House of Representatives, sa lower house.
04:33.6
wherein nagkaroon na po ng first, second, third reading. Approved na po.
04:37.6
And yes, binabasa po yan at pinapa-approve. Approved na po sila.
04:40.6
So, ang next step is to give it now to the Senate of the Philippines, no?
04:45.6
So that they could form now what we call a bicameral committee.
04:50.6
Ang bicameral committee po na composed of the House of Representatives and as well as the Senate, no?
04:58.6
And then, they will have a conference committee report which will be submitted again back doon sa House of Representatives at saka sa Senate
05:07.6
at ipapa-approve na naman sila. Votohan na yan.
05:10.6
Habi ma-vote sila, tawagin lang yan. Mabilisan na yan siya.
05:13.6
I hope in this remaining time, dahil na-submit naman, na-approve naman ni House of Representatives,
05:21.6
I suppose and assume na nabigay na doon sa, ang version nila doon sa Senate, no?
05:27.6
So, I hope meron ng bicameral committee and I hope makarating ito bago mag-adjourn sila by June 3.
05:34.6
Bahala na pag, basta matapos nito, by June 3, okay na, mag-adjourn na sila.
05:41.6
Kasi ang next step naman yan, iisipapasa na po yan sa Malacanang, no?
05:46.6
And this bill, once submitted to the Malacanang, pag-aaralan niyan ngayon whether or not to approve it.
05:54.6
But I, of course, I believe that this will be approved by Malacanang, by the President.
05:59.6
Because this is a very important legislation to extend, no?
06:02.6
Kasi nga, maraming hindi nakakaalam na talagang very important ito, na maka-avail nito.
06:10.6
Once lang po ito nangyayari, no? Once in a blue moon.
06:13.6
So, may-approve yan siya. Because maraming nga hindi pa nakaka-comply ng requirements at collecting income, generating revenue rin po yan sa government.
06:26.6
So, pipirmahan po yan, ay 99%. So, pipirmahan po ni President Ferdinand Bongbong Marcos po.
06:34.6
Alright, and once it will be signed, it will now have a Republic Act number.
06:39.6
Let's say, 1, 2, 3, 4, 5. R.A. 1, 2, 3, 4, 5. Now, it becomes a law.
06:44.6
Okay. Of course, it has to take effect 15 days after publication in the official gazette.
06:50.6
So, yun lang po, no? Ang way, no? Ang tanong is that, maka-abot ba ito before sila mag-adjourn?
06:58.6
Bahala na po. Tapos nila before sila mag-adjourn, bigay nila sa Malacanang at least from June 3 to June 14.
07:07.6
Merong at least 10 days or more si President Ferdinand Bongbong Marcos, our President, whether to decide to approve it.
07:16.6
But as I said, approve talaga yan. Kasi otherwise magagalit ang taong bayan sa kanila pag hindi ito ma-approve.
07:23.6
Tingnan natin kung gano'n sila kabilis with this very important legislation para hindi magreklamo at magalit.
07:31.6
Alright. So, with that, magmaging batas po siya, ito po yung kitsura niya, no?
07:38.6
I will show to you. Ito po yung law when nai-pass po yung extension, no?
07:45.6
So, lita po lang muna yung mukha ko dito para ma-ano natin. Okay. Yan, no?
07:51.6
So, if you'll notice, i-zoom natin.
07:58.6
Zoom natin, ha? Yan. Okay.
08:04.6
So, yan. 11-5-6-10. It is an act extending the estate tax amnesty. Yan.
08:11.6
At ito po yung second page and the third page.
08:16.6
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?
08:25.6
So, kailangan sa national talaga, na printing office natin.
08:29.6
And ito approved dung dating Speaker of the House, na si Congressman Velasco, and dating Senate President, na si Pito Soto.
08:37.6
And, of course, this was signed by our President, past President, Rodrigo Guadaltero, si Tatay Digong.
08:46.6
Okay. So, that is an example of the extension.
08:51.6
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.
09:13.6
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.
09:29.6
And requirement naman is that pikturan yung, yung, ano, yung nitso.
09:34.6
Para makita talaga, para ma-issue ka ng death certificate, di ba?
09:37.6
Di ba older deaths ba? May hirap yun.
09:40.6
Sometimes, may require pa talaga PSA, no?
09:43.6
So, it's very technical and kailangan talaga ng oras pa.
09:48.6
So, I hope makaabot po, no? Bilis-bilisan lang po natin ng konti.
09:53.6
So, thank you po, no?
09:55.6
Please share this knowledge to everyone, no?
09:58.6
And this is a pre-legal forum nga ng inyong lingkod.
10:04.6
And I want to share my modest knowledge about the laws.
10:09.6
Because, you know, ang batas kasi always yan na asaban natin.
10:14.6
From the time we were born, meron na yan.
10:16.6
And everything sa ating daily life natin, meron na talaga yan.
10:19.6
And hanggang na mamatay tayo.
10:21.6
Kung tulad dito, we have to pay for the estate tax sa ating maiwang properties dun sa mga tagapagmana.
10:29.6
So, what I'm trying to say is that when you learn something free, no?
10:37.6
Like this forum, no?
10:39.6
Please also share your knowledge, po.
10:42.6
Para po makaritch tayo ng mas maraming people na maglearn ito.
10:49.6
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.