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Death and Taxes

John Philip Siao

Nov 25, 2022

It’s been said time and again that nothing is certain but death and taxes. This certainty of having to pay taxes even after death was codified and incorporated into Philippine law in 1916.

Act 2601 which took effect on July 1, 1916 was the first inheritance tax law of the Philippines. It imposed graduated rates computed on net inventoried property left by the deceased.

Subsequently, the provisions of this Act were embodied in Section 1536 of the Revised Administrative Code which imposed a tax upon every transmission by virtue of inheritance, devise, bequest, gift mortis causa, or advance in anticipation of inheritance, devise or bequest.

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