ESTATE

NIRC of 1997 TRAIN Law of 2017

§ Progressive at 5% to 20% § Flat rate of 6%
§ Standard deduction at Php 1M § Php 5M
§ Family home Php 1M § Php 10M
§ CPA Certification needed at Php 2M § Php 5M
§ None § Final withholding tax at 6% on
withdrawals on deposits of decedent
§ Estate tax return filing deadline-within 6 § 1 year
months from the date of death
§ No counterpart provisions § Payment by installment in 2 years in case
of insufficient cash without civil penalty
& interest

Progressive rate

Over But Not Over Tax Due Plus Of Excess Over

PHP 2000,000 Exempt

PHP 200,000 500,000 0 5% PHP 200,000

500,000 2,000,000 PHP 15,000 8% 500,000

2,000,000 5,000,000 135,000 11% 2,0000,000

5,000,000 10,000,000 456,000 15% 5,000,000

10,000,000 ABOVE 1,215,000 20% 10,000,000