Manila, Dec. 10 -- Sen. Jinggoy Estrada has filed a bill seeking to extend the estate tax amnesty, which ended last June 14, for another three years, or until June 14, 2028, to give Filipino families more time to settle long-standing inheritance issues without fear of penalties or overwhelming financial obligations.

Senate Bill No. 1488 seeks to amend the Tax Amnesty Act, or Republic Act No. 11213, as previously updated by RA 11569 and RA 11956, to extend the estate tax amnesty to give heirs and beneficiaries additional time to formalize the transfer of ownership of inherited properties.

Under the proposed measure, heirs may either manually or electronically file their Estate Tax Amnesty Return at any authorized agent bank, Revenue Dist...