Estate Tax Return Schedule BIR

If Net Estate (PHP) is:

Over                          Not Over                         Exempt

200 000                          Exempt

200,000                    500,000                           0         plus 5 % of excess over 200k

500,000                     2,000,000                      15,000 plus 8% excess over 500K

2 M                              5 M                                    135,000 plus 11% excess over 2M

5M                               10M                                   465,000 plus 15% excess over 5M

10M                            XX                               1,215, 000 PLUS 20% excess over 10M


About Jonathan Ruiz CPA

Entrepreneur, CPA Mentor, Stock market Newbie Mentor, Influential Author and Master's Degree in International Business graduate in Hult International Business School, UK. A father of two lovely daughters.
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