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

 

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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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