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, estate tax amnesty,
The Lecture Room of Atty. Raymond Batu
Run time: 08:38
Has AI Subtitles
English Summary of Video (AI):
- Introduction to the topic of Extended Estate Tax Amnesty, specifically discussing the implementing rules for Revenue Regulation No. 10-2023.
- Reference to the original law, Republic Act 11569, which extended the Estate Tax Amnesty for an additional two years until 2025.
- Announcement that the Bureau of Internal Revenue (BIR) is the implementing agency for collecting the Estate Tax Amnesty and that it received the regulation on September 8, 2023.
- Mention of the regulation taking effect after publication in the official gazette, which is expected to occur soon.
- Explanation that Revenue Regulation No. 10-23 amends Revenue Regulation No. 6-19 by changing certain provisions (sections 2, 9, 13, and 16) in order to align with the newly passed law.
- Details on the first amendment, which expands the coverage of the Estate Tax Amnesty to include estates of those who passed away on or before May 31, 2022, as opposed to the previous coverage cutoff.
- Emphasis on the importance and benefits of the new policy, especially due to complications caused by the pandemic, such as difficulty in obtaining signatures and lack of cooperation among heirs, which this law aims to resolve.
- Discussion on the process of applying for the Estate Tax Amnesty, encouraging timely action.
- Clarification on the distinction between payment of the tax and issuance of the Certificate Authorizing Registration (CAR) for transferring titles to the heirs.
- The focus on the scenario with cooperative heirs, promoting extrajudicial settlement or affidavit of self-adjudication instead of taking estate matters to court.
- Recognition of disputes over property inheritance, highlighting the necessity of previous requirements for simultaneous settlement to clear estate taxes – something that was difficult if heirs did not cooperate.
- Explanation of the new option under the law, allowing individual heirs to pay the estate tax directly when other heirs are not cooperating, with the hope for future resolution.
- The mention of a plan to divide the lecture into two parts: one for cooperating heirs and another for heirs in disagreement, as the procedures differ.
- Upcoming video topics include how to avail and process estate settlement, pay estate tax, obtain the deceased's tax identification number, file an estate tax amnesty return (ETAR), and the notarization process.
- A teaser for the next episode promised within the week, which will give a step-by-step guide on the aforementioned topics.
The host concludes the video with thanks and informs the viewers about the next meeting.
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00:00.0
Good morning, welcome back sa ating lecture room and I'm so happy to announce, andito na po yung pinakaantay nating implementing rules ng Extended Estate Tax Amnesty.
00:13.4
Andito nga, ating wakas nandito na, Revenue Regulation No. 10-2023 issued by the Department of Finance as mandated by the law under Republic Act 11569 which extended the Original Estate Tax Amnesty.
00:43.4
So basically this is just simply the implementing rules to implement the law, yung sabi nga nating Republic Act 956 and ito po yung na-extend for another 2 years hanggang 2025 po and karami pong happy masyado dito.
01:14.4
And it was received by the BIR. Alam natin ang BIR po ang implementing agency nito pong koleksyon sa Estate Tax Amnesty on September 8, 2023. Take note lang po that it will have to take effect upon the publication in the official gazette.
01:34.9
Pero I think few number of days lang tapos na yan kasi malapit na matapos ang publication yan. But nevertheless ito po yung regulations na pinakaantay natin. And what is in here, basically ito pong Revenue Regulation No. 10-23, it actually amended itong Revenue Regulation No. 6-19.
01:58.4
Ito kasi yung existing noon. In amend lang ang certain provisions na section 2, 9, 13 and 16. Apat na sections dito ang in amend at pinalitan because mayroong bagong stipulations or mandate doon sa bagong pinasang batas.
02:20.9
So pag sinabi po natong in amend may pinalitan lang. But this kind of changes are very very material. So ano po ba yung mga amendments na yun na gusto nating malaman?
02:36.4
Okay. Sa amendments. No. 1 amendment is that yung coverage ng Estate Tax Amnesty. And alam ko po, alam na ninyo nito. Is that nilalakip dito ang estado yaman ng namatay noong May 31, 2022 or mas maaga pa dito. Ibig sabihin yung on or before May 31, 2022 deaths pababa.
03:02.9
And ibig sabihin yung dating coverage na 2017 wala na yun. Ngayon covered na May 31, 2022. Kaya nga napakaganda nitong batas na ito because it will benefit many those who have not yet settled the estate.
03:22.4
Kasi ang reklamon lang, pandemic. Tapos it takes time. Tapos hindi makapirma. Dahil ang mga estates hindi nagko-cooperate yung mga heirs sa estate ng DC. So nagkakaroon ng problema. Kaya itong batas na ito at the implementing rules, ito ang magsolve ng problem.
03:52.4
Ang point dito is bilisan natin at mag-apply na tayo, mag-avail na tayo sa Estate Tax Amnesty.
04:22.4
Ito ang electronic certificate authorizing registration. Ang sabi nga dito is they are distinct and separate. Iba silang bagay. Distinct and separate from each other. Iba po yung bayad, iba rin po yung pag-issue ng ICAR para po i-transfer na yung title sa pangalan ng mga heirs or the transferees for that matter.
04:53.4
Ito po ang pinakamaganda sa lahat. And ano ba talaga ang ninalaman nito? Itong klaseng sabi natin magandang ito. Well, actually, it talks about the heirs lang. If they are cooperating heirs, yung mga heirs na hindi nagkaaway, cooperate sila. Sige, gawa tayong excedural settlement or kung isa lang heirs, gawa tayong affidavit of self-adjudication, gawa siya.
05:18.9
So ibig sabihin kung maraming heirs they do not fight with each other and they agree to settle and adjudicate the estate na wala ng court action. Kaya nga extrajudicial meaning to say outside court. So i-execute sila ng tiyatawag natin extrajudicial settlement.
05:48.9
So maraming mga lupa, pinakaawayan. Hindi naman nila madala pagmamatay sila. And yan, they fight, ito ang aking share, ito ang akin, akong bunso, yan ang away. And with that, ito yung problem noon na hindi daw sila makapag-settle ng estate tax dahil nga one of the major requirements before was that kailangan kasabay, mandatory requirement, yung extrajudicial settlement or affidavit of self-adjudication or court decision para sa probate or excedural settlement.
06:18.9
Sa judicial and estate settlement. E hindi man nila naggagawa. So hindi rin nakabayad ng estate tax. Now, in this particular law na bago natin, 11956, is that pwede na po magbayad kapag hindi nagko-cooperate ang mga heirs, pwede na po magbayad directly ang isa sa mga heirs. O isa o dalawa sa kanila.
06:40.4
At sa kanila po yung settlement o yung transfer ng property. Kasi kung magkakaso sila or baka mamaya, later on, magkakaayos sila. So, I have to divide my lecture on how to avail and how to process the settlement of estate and pay the estate tax into two.
07:00.9
One is for the cooperating heirs. That would be one topic for our video. And another one for the fighting heirs. Kasi iba-iba po ang procedure sa aking opinion at nakita sa mga revenue regulations ng BIR.
07:30.9
I will discuss that immediately this week. And wait for it. It will be a very nice video because step-by-step ididiscuss ko paano pagkuha ng mga tax identification number ng disease, paano mag-apply ng, magkuha ng ETAR. Yan po yung estate tax amnesty return at paano pag-fill up, saan po ipanotaryo.
08:00.9
Kahit na nag-cooperate. Yun po ang mga issues na ididiscuss natin during the next episode which I will do it within this week.
08:30.9
And sa lahat po, sukran, and see you again next time. Bye-bye!
