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COURSE SYLLABUS
TAXATION 2
I. ESTATE TAX
(Sec. 84-97, Sec. 104, NIRC, as amended by Rep. Act No. 10963, Rev. Reg. No.
12-2018)
Situationer on Estate Taxation in the Philippines: Issues and Prospects, NTRC Tax
Research Journal, Volume XXXIII.4, July – August 2011, pp. 1-13
http://www.ntrc.gov.ph/images/journal/j20110708a.pdf
A. GROSS ESTATE
b. Reciprocity principle
Section 104 (a) and (b), NIRC
CIR v. Fisher, G. R. No. L-11622 and L-11668, January 28, 1961
(focus on how the reciprocity principle is applied)
a. Decedent’s Interest
Section 85(A)
Section 85(B)
BIR Ruling No. 10-03, September 08, 2003
c. Revocable Transfer
Section 85(C)
BIR Ruling No. 013-05, August 16, 2005
Section 85(D)
Section 85(E)
BIR Ruling No. 166-93, May 03, 1993
f. Prior Interests
Section 85(F)
Section 85(G)
1. Citizen or Resident
Section 86(A), NIRC, as amended
Section 6, Rev. Reg. 12-2018
a. Standard deduction
d. Unpaid mortgages
g. Family home
a. Standard deduction
Section 86(C), NIRC, as amended; Section 6(9), Rev. Reg. No. 12-
2018 (on Resident Alien, Nationality principle on property rights and
successional rights?)
b. Non-Resident Alien
e. Place of filing
I. PAYMENT OF TAX
a. Time of payment
b. Extension of time
Section 91(B), NIRC, as amended
Section 9 (5), Rev. Reg. No. 12-2018
c. Installment payment
K. RESTITUTION OF TAX