Practice question
What is the current basic estate-tax rate for a decedent dying in 2026, applied to the net estate determined under the Code?
- 20%
- 12%
- 6%
- 35% in every case
- 0% for all estates
Legal references
- NIRC Sections 84-86, as amended by RA10963: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
- RR 12-2018 (estate-tax accrual and basic scope): https://bir-cdn.bir.gov.ph/local/pdf/RR%2012-2018.pdf
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