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Tax Rates

Effective January 1, 1998 up to Present


If the Net Estate is:

But not Over

The Tax
Shall be

P 200,00.00

Exempt

P200,000.00

500,000.00

500,000.00

Over

Plus

Of the Excess Over

5%

P 200,000.00

2,000,000.00

P 15,000.00

8%

500,000.00

2,000,000.00

5,000,000.00

135,000.00

11%

2,000,000.00

5,000,000.00

10,000,000.00

465,000.00

15%

5,000,000.00

1,215,000.00

20%

10,000,000.00

Plus

Of the Excess Over

10,000,000.00

Effective After July 28, 1992 up to December 31, 1997


If the Net Estate is:

Over

But not Over

The Tax
Shall be

P 200,00.00

0%

P200,000.00

500,000.00

5%

P 200,000.00

500,000.00

2,000,000.00

P 15,000.00

8%

500,000.00

2,000,000.00

5,000,000.00

135,000.00

12%

2,000,000.00

5,000,000.00

10,000,000.00

495,000.00

21%

5,000,000.00

1,545,000.00

35%

10,000,000.00

But not Over

The Tax
Shall be

Plus

Of the Excess Over

P 10,00.00

Exempt
3%

P 10,000.00

10,000,000.00

Effective Before July 28, 1992


If the Net Estate is:

Over

P 10,000.00

50,000.00

50,000.00

75,000.00

P 1,200.00

4%

50,000.00

750,000.00

100,000.00

2,200.00

5%

75,000.00

100,000.00

150,000.00

3,450.00

10%

100,000.00

150,000.00

200,000.00

8,450.00

15%

150,000.00

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