REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
December 16, 2002
REVENUE REGULATIONS NO.
Revenue Regulations on
and Donor’s Tax
Incorporating the Amendments Introduced by
Republic Act No.
8424, the Tax Reform Act of 1997.
All Internal Revenue Officers and Others
244, in relation to
of consolidating all the regulations on estate tax and donor’s tax, thereby
amending Revenue Regulations
relative to the change in
the tax rates
estate tax and
pursuant to Republic Act No. 8424, the
claiming the deductions from the gross estate
of the decedent, and for
These regulations shall govern the taxation of the transmission of the decedent’s estate
and donations made by persons, natural or juridical, whether citizens or aliens, residents
or non-residents. For purposes of these regulations, the provisions of the Family Code of
the Philippines (E.O. No. 209) which took effect on August 3, 1988 shall govern the
property relations between husband and wife whose marriage was celebrated on or after
such date. For marriages celebrated prior to the effectivity of the Family Code of the
Philippines, the Civil Code of the Philippines shall govern the property relations between
husband and wife in relation to the pertinent provisions of the Family Code.
- The transfer of the net estate of every
decedent, whether resident or non-resident of the Philippines, as determined in
accordance with the Code, shall be subject to the estate tax.
The entire value of the net
estate is divided into brackets and each rate is imposed on the corresponding bracket.
Below is a table showing the tax on each bracket and the cumulative total tax for the
entire net estate, pursuant to the rates provided in the Code.
“If the Net Estate is:
Of the excess