Incoming Finance Sec. Diokno says ‘unfair’ to put Marcos estate tax burden on him

  • 📰 gmanews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Incoming Finance Secretary Benjamin Diokno on Monday said it is ‘unfair’ to put the burden on him regarding the estate tax of the heirs of the late dictator Ferdinand Marcos, noting that it will be up to the courts to decide.

According to the BIR, estate tax is on the right of the deceased to transmit estate to lawful heirs and beneficiaries at the time of death and on certain transfers equivalent to testamentary disposition.

"The estate tax is based on the laws in force at the time of death notwithstanding the postponement of the actual possession or enjoyment of the estate by the beneficiary,” it added.amid the EDSA Revolution in 1986, bringing with them 22 crates of cash valued at $717 million; 300 crates of assorted jewelry with undetermined value; $4-million worth of unset previous gems; and $7.7 million worth of jewelry, among others.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Kabutihang paanlahat sir hindi kabutihang pangnakakararami lang. Ang bawat Filipino kahit naghihirap na ay may obligasyon paring magbayad ng buwis. Dapat pa nga on time kasi may penalties agad.

Hahaha alam naman hindi ka mauupo dyan kung hindi mo ipagtatanggol ang boss. Pagtanggap mo pa lang ng pwesto alam na.

'Naks... parang may gustong gawin... mananahimik lang ito

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines