ESTATE TAX IN THE PHILIPPINES | BEGINNER'S GUIDE | TWGPH скачать в хорошем качестве

ESTATE TAX IN THE PHILIPPINES | BEGINNER'S GUIDE | TWGPH

#BIR #EstateTax #InheritanceTax The Bureau of Internal Revenue (BIR) defines estate tax as a tax on the right of the deceased person, to transmit their estate to their lawful heirs, and beneficiaries at the time of death, and on certain transfers. Here's a video we created as a beginner's guide to estate tax in the Philippines. What are the requirements? • Estate Tax Return Form (B I R Form 1801) • Certified true copy of Death Certificate • Taxpayer Identification Number (TIN) of the deceased and their heir • Affidavit of Self Adjudication, Deed of Extra-Judicial Settlement of Estate, Court Order, or Sworn Declaration of All Properties of the Estate • Certified copy of the schedule of partition and the order of the court approving the same within thirty days after the promulgation of such order, in case of judicial settlement • Proof of Claimed Tax Credit (if applicable) • Certified Public Accountant (CPA) Statement on the itemized assets of the deceased • Certification of the Barangay Captain for the claimed Family Home • Duly Notarized Promissory Note for “Claims Against the Estate” arising from Contract of Loan • Accounting of the proceeds of loan contracted within three years prior to death of the deceased • Proof of the claimed Property Previously Taxed • Proof of the claimed Transfer for Public Use • Copy of Tax Debit Memo used as payment (if applicable) 🔥🔥🔥 POPULAR BLOGS 🔥🔥🔥 ➜Top 10 Life Insurance Companies in the Philippines http://www.thewiseguyph.com/top-insur... ➜Sun Fit and Well Review: A Complete Guide to Perks and Benefits http://www.thewiseguyph.com/sun-fit-a... ➜Sun Maxilink 100: New and Affordable VUL Plan http://www.thewiseguyph.com/sun-maxil... ➜The Best Affordable Term Insurance in the Philippines http://www.thewiseguyph.com/best-affo... ➜How to Get a Certificate of Registration from BIR: Mixed-Income Earners http://www.thewiseguyph.com/how-to-ge... ➜SSS Retirement Benefit is not Enough as Retirement Fund http://www.thewiseguyph.com/sss-retir... ➜How to invest in Pag-ibig MP2 Savings Program: Earn better than banks http://www.thewiseguyph.com/pag-ibig-... ➜5 Strategies to Get the Most out of Pagibig MP2 http://www.thewiseguyph.com/5-strateg... ➜How to compute Pag-ibig MP2 dividends? http://www.thewiseguyph.com/compute-p... 💰 FREE CASH FOR YOU! Shopback: https://bit.ly/ShopBackTWGPH (Sign up and get Php100) GCash: https://bit.ly/GCashTWGPH (Sign up and get Php70 worth of freebies) 🕒 TIMESTAMPS 00:00-01:04 - Introduction 01:04-01:43 - What is estate tax? 01:43-01:57 - Who pays the estate tax 01:57-03:31 - How to compute estate tax 03:31-04:04 - Example computation 04:04-05:34 - Requirements 05:34-06:29 - How to file the estate tax return? 06:29-08:21 - Common Problems 08:21-09:53 - Frequently Asked Questions 09:53-10:41 - Final thoughts Send this video to your family and friends if you find this helpful. Personal finance is not taught in schools that's why it may become quite confusing. This channel will help you in your journey toward financial freedom, adulthood, or anything to help us become wiser in life. Don't forget to SUBSCRIBE. Social Media Accounts: ➜Facebook:   / thewiseguyph   ➜Facebook:   / fsuanjr   ➜Facebook Group:   / thewiseguide   ➜Blog: http://www.thewiseguyph.com/ ➜Youtube:    / @thewiseguyph   📚 REFERENCES: ▷https://www.moneymax.ph/personal-fina... ▷https://www.pna.gov.ph/articles/1145527 ▷https://constitutioncenter.org/blog/b... ▷https://newsinfo.inquirer.net/1568831... ▷https://www.manilatimes.net/2021/07/0... 🎁 SEND US A GIFT? Attn: Federico Suan, Jr. (Royal Poinciana Branch) 15F Frabelle Bldg. Rada St. Legaspi Village Makati City ⚠️ Disclaimer: The video and description contain the creator's views and opinions and do not necessarily reflect the views and opinions of any insurance or investment company. I will earn a small commission from the affiliate links above. It will help the channel grow and allow me to create quality content. This video is for educational purposes only. Please always do your due diligence. ----- Keywords: BIR, estate tax, bir estate tax, estate tax in the Philippines, estate tax philippines TRAIN law, TRAIN law, how to compute estate tax Philippines, importance of estate tax in the Philippines, how to file estate tax return, thewiseguyph, TWGPH, The Wise Guy PH