Estate Tax in the Philippines under Train Law
Demise is inescapable. So as taxes. Did you know? When someone dies in your family. All their properties will be moved to the legitimate recipient or their beneficiaries. Be that as it may, before the properties is moved to their name/s, the beneficiaries should pay duties of the affection ones who died first. This is called Estate Tax. Consult with the firm providing tax services in Philippines to help you out regarding the matter. What will you learn after reading this article? This guide is for people who has to know Estate Tax in the Philippines under TRAIN Law. You will learn: 1. What is the New Rate of Estate Tax ? 2. What are included in the Gross Estate? 3. How do you get the Valuation of the Gross Estate? 4. Who will File and Pay Estate Tax Return? 1. What is the New Rate of Estate Tax? The net estate of each decedent, regardless of whether occupant or non-inhabitant of the Philippines will be dependent upon a estate charge...