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    Schedule of Estate Taxes2

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    Anonymous xyhhKM
    This section outlines the estate tax rates that apply to the transfer of a decedent's net estate in the Philippines. The rates range from 5% for net estates up to 200,000 Pesos up to 20% for net estates over 10,000,000 Pesos. The rates are broken into increments, where the tax is calculated at the rate for the portion of the net estate that falls within each increment.

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    Schedule of Estate Taxes2

    Uploaded by

    Anonymous xyhhKM
    15 views1 page
    This section outlines the estate tax rates that apply to the transfer of a decedent's net estate in the Philippines. The rates range from 5% for net estates up to 200,000 Pesos up to 20% for net estates over 10,000,000 Pesos. The rates are broken into increments, where the tax is calculated at the rate for the portion of the net estate that falls within each increment.

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    This section outlines the estate tax rates that apply to the transfer of a decedent's net estate in the Philippines. The rates range from 5% for net estates up to 200,000 Pesos up to 20% for net estates over 10,000,000 Pesos. The rates are broken into increments, where the tax is calculated at the rate for the portion of the net estate that falls within each increment.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    15 views1 page

    Schedule of Estate Taxes2

    Uploaded by

    Anonymous xyhhKM
    This section outlines the estate tax rates that apply to the transfer of a decedent's net estate in the Philippines. The rates range from 5% for net estates up to 200,000 Pesos up to 20% for net estates over 10,000,000 Pesos. The rates are broken into increments, where the tax is calculated at the rate for the portion of the net estate that falls within each increment.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    TITLE III

    ESTATE AND DONOR'S TAXES


    CHAPTER I - ESTATE TAX
    Section 84. Rates of Estate Tax. There shall be levied, assessed, collected and paid
    upon the transfer of the net estate as determined in accordance with Sections 85 and
    86 of every decedent, whether resident or nonresident of the Philippines, a tax based on
    the value of such net estate, as computed in accordance with the following schedule:
    If the net estate is:
    Plus

    Of the Excess
    Over

    5%

    P 200,000.00

    2,000,000.00

    P 15,000.00

    8%

    500,000.00

    2,000,000.00

    5,000,000.00

    135,000.00

    11 %

    2,000,000.00

    5,000,000.00

    10,000,000.00

    465,000.00

    15 %

    5,000,000.00

    1,215,000.00

    20 %

    10,000,000.00

    Over

    But not Over

    The Tax Shall be

    P 200,000.00

    Exempt

    P 200,000.00

    500,000.00

    500,000.00

    10,000,000.00
    Tax Rates Effective January 1, 1998 up to Present

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