House OKs estate tax amnesty extension bill on 2nd reading 1◄

Quimbo during plenary session on Wednesday afternoon, Dec. 10.

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Deputy Speaker Zambales ist District Rep. Jay Khonghun, the presiding officer at that time, declared the measure approved on second reading via simple voice vote (ayes vs nayes).

The Estate Tax Amnesty extension is included in the Legislative-Executive Development Advisory Council’s (LEDAC) priority measures under the Marcos administration.

The measure seeks to give Filipino families a longer, simpler, and more affordable process to settle long-unpaid estate taxes and secure titles to inherited properties.

It expands the coverage to the estates of decedents who died on or before Dec. 31, 2024 and extends the filing period by four years or until Dec. 31, 2028. This will allow heirs, administrators, and beneficiaries to avail themselves of the amnesty without penalties, surcharges, or interest, while paying significantly lower estate taxes.

The bill breezed through plena-ty Wednesday as none of the House members availed themselves of the period of amendments.

The second reading approval paves the way for the bill’s possible passage on third and final reading next week.

Quimbo, in his sponsorship speech, said HB No.6614 builds upon the success of Republic Act (RA) No.11213 as amended by RA No.11569 and RA No.11956.

“From 2019 until June 2025, the BIR (Bureau of Internal Revenue) has collected P15.5 billion in revenues under the Estate Tax Amnesty Program. These additional revenues have supported much-needed programs and projects of the government, helping ease the lives of our fellow Filipinos,” he said.