Free legal forum @thelectureroomofattyraymondbatu.
I am sharing my modest knowledge on legal issues involving property and family problems which I further categorize it as USAPANG MANA, USAPANG LUPA, USAPANG PAMILYA, USAPANG MAG-ASAWA, USAPANG RELASYON, USAPANG TAXES, at iba pang kategorya na maaring may kinalaman sa property, batas tungkol sa lupa, problema sa lupa, lupa na walang titulo, lupa na rights lang, lupa na pasalo, bahay at lupa pasalo, mother title ng lupa paano hatiin, kaso sa pangangamkam ng lupa, batas sa lupa ng magulang, batas sa mana ng lupa, hatian sa lupa ng magkakapatid, batas sa lupa ng magulang, karapatan ng asawa sa lupa, karapatan ng legal na asawa kahit walang anak, karapatan ng asawa sa sahod ng asawang lalaki, problema kung patay na ang nakapangalan sa titulo ng lupa, paano magpatitulo ng lupa na walang titulo, titulo ng lupa requirements, paano magpatitulo ng lupa na may mother title, patitulo ng lupa, tax declaration ng lupa, paano kumuha ng tax declaration
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The Lecture Room of Atty. Raymond Batu
Run time: 11:20
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00:00.0
Good morning! Welcome back ulit sa ating lecture room.
00:04.0
And yes po, meron po tayong new update.
00:08.0
And new update natin still regarding sa estate tax amnesty.
00:13.0
Na alam po natin na may deadline po na June 14, 2023.
00:20.0
Alright, alam po natin yan.
00:22.0
At inaantay po natin kung ito po ba ay ma-extend.
00:27.0
Kasi based dun sa ating mga updates, previous updates, is na-approve na sa House.
00:33.0
And yes po, totoo po yung balita, na-approve na po ngayon sa Senate.
00:39.0
Senate approves bill extending estate tax amnesty until 2025.
00:45.0
Ayon po ito sa Rappler, May 29, 2023.
00:50.0
Meron pa isa, itong sa PhilStar Global po, May 29, 2023.
00:55.0
Sabi nila, Senate approves bill extending estate tax amnesty to 2025.
01:00.0
And take note, all 24 senators voted to say yes.
01:04.0
So tama yung isang subscriber natin, parang in-adopt na lang immediately ang bill na ito na pinasa ni Speaker Martin Romualdez.
01:16.0
Now, we know for a fact na itong estate tax is started or originated po sa Republic Act No. 11213, the Tax Amnesty Act of 2019.
01:29.0
Sa panahon po ito ni Tatay Digong, our former president.
01:35.0
And then, because of the COVID pandemic at maraming hindi nakapag-apply, na-extend po ito ulit.
01:43.0
Under Republic Act No. 11569 until June 14, 2023.
01:49.0
Despite that, ang dami pa pong hindi talaga nakakapag-apply.
01:54.0
Kasi nga, maraming requirements, hindi pa lang nakakuha yung mga death certificates and other documents,
02:00.0
yung paggawa ng extrajudicial settlement or verification of documents, ID, STIN verification.
02:06.0
Ang dami po, taong yung mga requirements na hindi pala nakaku-apply.
02:10.0
That's why many are clamoring, nag-ask sila sa mga kanya-kanyang representative na please extend, extend, extend the estate tax amnesty.
02:21.0
And narinig naman, that's why si Speaker nga Martin Romualdez filed a House Bill para ma-extend ito.
02:30.0
And ang purpose naman is aside from giving them chance for those who have not yet settled the estate of their deceased,
02:37.0
nung namatay nila ng mga Estado, yung mga government din kasi, it would be somehow parang income revenue generating scheme nila
02:49.0
para to add dun sa covers ng government para sa treasury natin. Dagdag pera din yun, dagdag money yun sa kanda.
03:00.0
Alright, and let's see. Before we discuss further, alam po natin na ang deadline nga is June 14, 2023 at may time frame tayo for the estate tax amnesty.
03:15.0
Kaya pag-usapan po natin ano po ba yung estate tax. But remember first is that ito po yung Estado or estate or yung kabubuang property
03:27.0
nang namatay noong December 31, 2017 pababa. Okay, pababa. So ibig sabihin kung namatay po yung inyong ninono or yung inyong kamag-anak
03:45.0
ng January 1, 2018 pataas, eh under the train law na po tayo. Pag hindi po nyo na-settle ang estate kung namatay siya ng January 2018, meron na po kayong penalty.
03:59.0
Okay, pero kung ang Estado, yung estate nung namatay, eh iyong namatay is that namatay siya noong December 31, 2017 pababa.
04:11.0
Covered siya dito sa estate tax amnesty na atin pong gustong-gustong ma-extend. Alright, so ano po ba itong estate tax?
04:20.0
Okay, gaya ng sinabi natin. Sahin po natin sa wikang English, it is a tax imposed on the privilege of transmitting property upon the debt of the owner.
04:31.0
So ibig sabihin, sa pagkamatay po ng may-ari ng lupa, yung privilege po niya na ilipat sa kanyang mga eredero, sa kanyang mga heirs, taxable po yun.
04:43.0
That privilege, privilege na maglipat, taxable po yun. Eh pag hindi po binayaran, eh delikado po tayo sa limpak-limpak na tax penalty.
04:56.0
At talaga, noon ang panahon, 1970s, 80s, 90s, maraming namatay na may-ari ng lupa na hindi nasettle ang estate.
05:04.0
Either hindi nila alam na dapat isettle ang estate, dawayanan ng estate tax, kulang sa dissemination information.
05:12.0
Katulad kasi ngayon, social media, marami ng madali na lang mag-learn. Katulad po itong pre-legal channel natin, itong channel natin sa YouTube which na-discuss po regarding these matters.
05:27.0
So noon kulang ng information. So maraming hindi nila alam na they have to pay the estate tax and napabayaan or walang pera at the time or kakulangan sa communications with the heirs on how to go about it. Kaya napabayaan.
05:47.0
So this is their opportunity para isettle ang estate tax. Marami pong nakapaghabol dito sa June 14, 2023 na deadline. And in fact ako rin nakapaghabol ako sa mga clients ko and we were able to submit all the documents at nakapag-apply na po.
06:05.0
Basta napasok niyo sa BAR kahit na may computation, okay na yan. Ibig sabihin is that covered na. But others are still there and still hoping na ma-extend po ito. So take note of that, yung mga penalties kasi is mawawala kapag nabayaran mo ang estate tax.
06:26.0
Ano ba yung mga bagay na dapat malaman natin sa estate tax on estate? Una, ang sabi dito is that 6% tax lang po ang babayaran straight. Tapos kung kailangan na matay, depende po kung magkano ang imaminus natin yung mga allowable deduction.
06:45.0
Gross muna tapos allowable deduction, net estate, 6% lang po babayaran. Wala na pong back taxes at walang penalties at absolute pa kayo sa kaso. Ibig sabihin hindi kayo mapailan ng tax evasion if that is the case. Alright, so ibig sabihin this is a very important legislation na kailangan i-avail natin. This is once in a blue moon lang po.
07:10.0
Okay, so proceeding. Gayun ang sabi natin, approved na sa Senate of the Philippines. Galing tayo sa House of Representatives, House Bill No. 7409 na pinasa nga ni Speaker Martin Romualdez. Approved na on our previous discussions. Ngayon dito sa Senate, approved na rin po extending the estate tax bill to 2025.
07:37.0
In fact, nagawa nila ito before their Sininday adjournment ngayong June 3. Diba sabi natin, sana ma-approve na rin ng Senate before June 3 kasi mag-adjourn na sila. Okay, then na-approve na po. So ano po ang inaantay natin? Okay, maantay na lang po tayo ng konting time, araw, para po sa pinaka-importante na step. This is the last and final step para maging batas ang bill na ito.
08:05.0
Dahil itong batas na ito, inapasa na sa Malacanang at yes po, kailangan na po nitong pirma ni President Bongbong Marcos. Now, if you'll notice, ito pong nasa ating video, this is the law signing the 2023 budget. Of course, pag may budget na binibigay po sa Executive Department, batas din po yan.
08:33.0
And pinipirmahan niya yung batas at witness po ni Speaker Martin Romaldes. And nandyan din po si Senate President Damig Subiri and jury witness by our very own Vice President Inday Sara Duterte. So yan po ang signing. That is an official act. Pipirmahan niya and now it becomes what we call a law. Magiging batas na po siya.
09:00.0
It will be one of the Republic Acts in the Philippines and maii-extend na po ang ating estate tax amnesty. Question is that, mapipirmahan ba? Yes, we have so much time. May 31 ngayon. May 31 hanggang June 14. 14 days? 2 weeks po para the President to sign.
09:24.0
And it will be signed, I believe, 99% because there is nothing not to sign on this estate tax amnesty. It is very important and needed by all of us, especially those na hindi ka pa nakapagsettle.
09:40.0
Alright, so with that I hope next update natin yung napirmahan na. At let us see kung ano po ang contents ng batas. Kung meron bang dagdag na implementing rules or meron ba siyang dagdag na provisions na dapat nating malaman or directive sa Bureau of Internal Revenue on how to go about this estate tax payment under the estate tax amnesty program of the government.
10:10.0
So with that po, again, of course, I will again ask you to please do not forget to subscribe in our channel. Because in this way, marami po tayong matulungan at mapasa po ninyong knowledge na nakuha din po ninyo. Because sabi nga ni Anne LeBaron, knowledge is power.
10:32.0
So, pasa po natin. This is a pre-legal channel. This is a pre-legal forum. We're not soliciting clients here. We're just trying to educate people and disseminate as much as information sa inyo pong lahat para at least alam nyo po kung ano na po ang nangyayari sa ating Pilipinas, especially sa mga batas in connection with property and reality.
10:59.0
Okay? So, with that, good day and thank you very much. Muchos gracias. Danke. Dagang salamat. Bye bye.
