In the advent of the current COVID-19 pandemic and the increasing mortality rates around the world, particularly in the Philippines, we are again (and more than ever) confronted to deal with the task of ensuring that our family and loved-ones are well-protected in the event of our untimely demise and to ensure that our heirs’ burden of paying the estate taxes are, at least, minimized.
The article The Unspoken Cost of Dying: A Summary of Philippine Taxes After Life, written by the Firm’s Kristin Charisse C. Siao, Mandy Therese M. Anderson and Raymond John S. Cheng, discusses the Philippines’ existing estate tax framework.
Read the article here: https://www.lexology.com/library/detail.aspx?g=7105bd6f-051b-4eb7-bf92-7cfd715710fd
