House committee approves tax amnesty measure

By Maricel V. Cruz

THE House of Representatives committee on ways and means on Tuesday approved with amendments the bill seeking to extend by another two years the availment of the estate tax amnesty, as prescribed under Republic Act 11213 or the “Tax Amnesty Act”.

The panel, chaired by Albay Rep. Joey Sarte Salceda, approved House

Bill 7409 which proposes to extend the availment period of the estate tax amnesty from June 15, 2023, to June 14, 2025.

“This committee hereby directs the secretariat to prepare the substitute bill incorporating the amendments and style and the corresponding committee report and file the same with the Committee on Rules this week,” Salceda said.