Categories
Tax Law, Estates

FREE e-book, Checklist for Estate Tax Amnesty

As of this writing we are 24 days away from the deadliest deadline of the Extended Estate Tax Amnesty on June 14, 2025. We cannot respond to all your inquiries so we are giving away for FREE the Ultimate Guide to the Estate Tax Amnesty by Atty. Joshua Santiago, AND our (previously available only to clients) checklist, along with RMC 40-2025 so you can present this to the BIR if they require you to submit a Deed of Extrajudicial Settlement when you apply.

This is our way of doing our own part to help. So far no word if it will be extended but in case it is not, this may be your last chance to avail of the 6% rate (instead of 20%/35%) and without interest and penalties.

Get it here after you sign up for our newsletter! We promise we will only send 1-2 a month.

And here is a copy of Revenue Memorandum Circular 40-2025 where it states clearly you do NOT need to present the Deed of Extrajudicial Settlement when you apply for estate tax amnesty. Though you will eventually need it before an eCAR is issued.

Categories
Tax Law, Estates

SEC introduces Online Submission Tool

Composition of portable netbook with empty screen placed near dry plant in vase with basket

The Online Submission Tool (OST) is an online facility to be used for submitting the Audited Financial Statement (AFS), General Information Sheet (GIS), Sworn Statement for Foundations (SSF), General Form for Financial Statements (GFFS), Special Form for Financial Statement (SFFS) and other reportorial requirements. All corporations registered with SEC must enroll in the OST in order to access and submit reports through the system.

Here is the link to start submitting.
https://cifss-ost.sec.gov.ph/user/login

This is a very timely development as we continue to face the pandemic and as more and more processes are being done online. Should you wish for more guidance, please feel free to contact us. Keep safe!