Senator Aquilino “Koko” Pimentel III on Monday encouraged taxpayers with unsettled estate tax liabilities to avail of the amnesty period provided by Republic Act 11213, signed into law by President Rodrigo Duterte last Feb. 14.
He said he new “Tax Amnesty Act” aims to enhance revenue generation for the government by encouraging citizens to pay the correct amount of taxes without any of the incurred penalties and fines.
The senator, who is seeking reelection in the upcoming May elections, is the author of Senate Bill 293 in 2016 providing for a one-time amnesty on estate taxes. The bill was made part and became an integral portion of RA 1121.
“Now’s the time for those with estate tax delinquencies to settle their obligations with the government,” said Pimentel.
