ESTATE TAX

ADMINISTRATIVE
PROVISIONS
By Erica Jimenez
† TAXPAYER
tax identification number

new T.I.N.
REGISTRATION OF ESTATE
BIR Form No. 1904
 OLD
NOTICE OF DEATH
TAX RATES GE exceeds P20,000
within 2 months
APPLICABLE

6%
TRAIN LAW
TAXABLE
TRANSFERS
RA 8424 OLD
TAX TABLE EXEMPT
TRANSFERS
ESTATE TAX GE exceeds
P200,000
RETURN
REGISTERED
/ REGISTRABLE
PROPERTY
 Statement Duly Certified by a CPA

✓ ITEMIZED ASSET: gross value at time of death

GROSS OLD TRAIN
✓ ITEMIZED DEDUCTIONS
ESTATE 2M 5M
✓ AMOUNT OF TAX DUE
 FILING of ETR PAYMENT of ETR
GR : “pay as you file”
OLD TRAIN
XPN : extension
6 mos 1 year
extra-judicial 2 years
✓ REASONABLE EXTENSION:
not exceeding 30 days
judicial 5 years

Statutory w/ INTEREST Extension

Due Date NO SURCHARGE
INSTALLMENT PAYMENT
➢ CASH INSTALLMENT
✓ made within 2 years from filing
✓ frequency indicated at ETR
TRAIN LAW
FAILURE TO PAY:
✓ no penalties and interest 1. Due and demandable
2. Penalties and Interest
INSTALLMENT PAYMENT
TRAIN LAW
➢ PARTIAL DISPOSITION
GR : “no disposal unless estate tax due is paid”

✓ written request approved by BIR FAILURE TO PAY: A estate tax due eCAR
✓ notarized undertaking that proceeds will
B estate tax due eCAR
be used as payment for estate tax due
10M C estate tax due eCAR
✓ no penalties and interest
estate
D estate tax due eCAR

E estate tax due eCAR

1. Due and demandable

2. Penalties and Interest
2. withholding of eCAR
PLACE of FILING of ETR
of PAYMENT of ETR

Resident / Citizen : domicile at time of death

Non-Resident Alien : RDO where the Executor / Administrator is registered

: RDO No. 39 – South Quezon City
SPECIAL CONCERNS ON BANK DEPOSITS
OLD: RA 8424
NO COMMISIONER’S CERTIFICATION
• No withdrawal
• P 20,000 maximum withdrawal
commissioner's authorization
TRAIN LAW: RA 10963
WITHDRAWAL IS ALLOWED
• Subject 6% Final Withholding Tax
• Within 1 year from date of death
Bank
• Issue BIR form No. 2306