Mr. Sy died in December 2019 leaving his heirs with both monetary and non-monetary properties amounting to billions of pesos. Two years later, the estate tax was still unpaid. a. Who is liable to pay the estate tax? b. Explain the documentary requirements and process of estate tax settlement.

Answer rating: 100% (QA)

a The liability to pay the estate tax typically falls on the heirs of the deceased In this case since Mr Sy left behind both monetary and nonmonetary ... View the full answer