A bill filed by Senate President Pro Tempore Panfilo “Ping” M. Lacson seeks to grant an amnesty on unpaid estate taxes covering the estates of individuals who died on or before Dec. 31, 2025, with outstanding or accrued tax liabilities as of that date.
Senate Bill 1889 aims to broaden the tax base and accelerate revenue collection, while minimizing prolonged litigation over tax liabilities. It also seeks to facilitate the reintegration of idle or previously immobilized assets to the formal economy.
“The proposed bill… seeks to enact a broader and more pragmatic Estate Tax Amnesty framework. It authorizes a one-time opportunity for estates of decedents who died on or before a specified date to settle outstanding estate tax liabilities at a uniform rate of six percent, subject to simplified documentary and procedural requirements,” he said in the proposed “Estate Tax Amnesty Act of 2026.”
In Filipino: Senate Bill ni Lacson, Hangad Ma-Unlock ang Idle Assets at Mapataas ang Kita ng Pamahalaan
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