Schedule of Estate Tax Return

SCHEDULE IN ESTATE TAX RETURN OF THE BIR – IF NET ESTATE IS:

       Over   Not Over      
  P     200,000   Exempt    
P   200,000        500,000 P             0 plus   5% of excess over P     200,000
       500,000     2,000,000         15,000 plus   8% of excess over        500,000
    2,000,000     5,000,000       135,000 plus 11% of excess over     2,000,000
    5,000,000   10,000,000       465,000 plus 15% of excess over     5,000,000
     10,000,000     xxx    1,215,000 plus 20% of excess over   10,000,000

 

Advertisements

About Jonathan Ruiz CPA

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
This entry was posted in Taxation and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s