Last November 2018, Congress approved their versions of the tax amnesty bill which covers internal revenue taxes, estate tax, real property tax and customs duties that have not been paid as of 2017. This year, we expect the tax amnesty bill to pass into law and placed in effect together with the approval of the TRAIN 2 Package. The Estate Tax Amnesty will require payment of an amnesty tax at the rate of six percent (6%) of the deceased’s undeclared estate. Penalties for late