DWDD: ADDITIONAL BENEFIT || Soldiers and Policemen to be exempted in Estate Tax if Bill pushes through

From DWDD AFP Civil Relations Service Radio Website (Feb 14): ADDITIONAL BENEFIT || Soldiers and Policemen to be exempted in Estate Tax if Bill pushes through



Valenzuela City 1st District Rep. Wes Gatchalian filed a House Bill which aims to exempt both uniformed personnel of Philippine National Police and the Armed Forces of the Philippines from paying estate taxes.

Since both members of PNP and AFP guarantee the “fullest enjoyment of a citizen of his freedom” as they are protecting the citizens from lawless elements of the community, Gatchalian said on his explanatory note that these modern-day heroes deserve a small token for all of their sacrifices.

He stressed that the men and women in uniform have already given much to the country by risking their lives in protecting the freedom of the people, and relieving their families from the additional burden of paying estate tax is the least thing that the government can do for them.

Gatchalian also added that once the HB 4881 was already passed as law, the family of a soldier or policeman who passed away will be guaranteed an exemption from paying more than 20 percent in the estate taxes.

Lastly, he reiterated that HB4881 was proposed to ultimately honor the men and women in uniform. – CAT

http://dwdd.com.ph/2017/02/14/additional-benefit-soldiers-and-policemen-to-be-exempted-in-estate-tax-if-bill-pushes-through/