Estate Tax in the Philippines (TRAIN Law)

In this video the discussion includes the allowable deductions, filing procedure, repealed items from the Tax Code and amendments from Revenue Regulations No. 2-2003.

==================
Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition.

=================
Related Video:
Overview of Transfer Tax: https://tinyurl.com/ybsx5ohb
Donor's Tax: https://tinyurl.com/ycpuogh4

=================
References:
BIR Website: https://tinyurl.com/y9lpsqb8
Revenue Regulations No. 12-2018: https://tinyurl.com/ybjuw4lb
BIR Form 1801: https://tinyurl.com/y7fxjbjp

=======================
#estatetax #transfertax #taxation #succession #inheritance #taxes #transfertaxation #train #trainlaw #philippines #philippinetaxation #philippinetax #bir #howto #learntax #learntaxation #tutorial #taxtutorial #taxationtutorial #revenue #revenueregulation #nirc #taxcode #bureauofinternalrevenue #internalrevenue #nationaltax #revenueregulations