Republic Acts1 min read
Section 22Sec./Art. 22
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Section 84 of the NIRC, as amended, is hereby further amended to read as follows:
"Sec. 84. Rate of Estate Tax. - There shall be levied, assessed, collected and paid upon the transfer of the net estate as determined in accordance with Sections 85 and 86 of every decedent, whether resident or nonresident of the Philippines, a tax at the rate of six percent (6%) based on the value of such net estate."
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