New estate tax amnesty and quarantine BIR regulations

To the relief of many taxpayers, Republic Act (RA) 11569 was passed amending RA 11213 (Tax Amnesty Act) and extending the availment of the tax amnesty to June 14, 2023.

In accordance thereto, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) 17-2021, which amends the previous regulation RR 6-2019 and implements the extension of the estate tax amnesty. Like the previous regulation, RR 17-2021 still requires the filing of estate tax amnesty return (ETAR), acceptance payment form and the supporting documents.