Rates of estate tax.
Section 85
SEC. 85. Rates of estate tax. — There shall be levied, assessed, collected, and paid upon the transfer of the net estate of every decedent, whether a resident or non-resident of the Philippines, a tax equal to the sum of the following percentages of the value of the net estate determined as provided in sections 88 and 89: One per centum of the amount by which the net estate exceeds three thousand pesos and does not exceed ten thousand pesos; One and one-half per centum of the amount by which the net estate exceeds ten thousand pesos and does not exceed thirty thousand pesos; Two per centum of the amount by which the net estate exceeds thirty thousand pesos and does not exceed fifty thousand pesos; Two and one-half per centum of the amount by which the net estate exceeds fifty thousand pesos and does not exceed eighty thousand pesos; Three per centum of the amount by which the net estate exceeds eighty thousand pesos and does not exceed one-hundred and ten thousand pesos; Three and one-half per centum of the amount by which the net estate exceeds one hundred and ten thousand pesos and does not exceed one hundred and fifty thousand pesos; Four per centum of the amount by which the net estate exceeds one hundred and fifty thousand pesos and does not exceed one hundred and ninety thousand pesos; Four and one-half per centum of the amount by which the net estate exceeds one hundred and ninety thousand pesos and does not exceed two hundred and forty thousand pesos: Five per centum of the amount by which the net estate exceeds two hundred and forty thousand pesos and does not exceed two hundred and ninety thousand pesos: Five and one-half per centum of the amount by which the estate exceeds two hundred and ninety thousand pesos and does not exceed three hundred and fifty thousand pesos; Six per centum of the amount by which the net estate exceeds three hundred and fifty thousand pesos and does not exceed four hundred and twenty thousand pesos; Six and one-half per centum of the amount by which the net estate exceeds four hundred and twenty thousand pesos and does not exceed five hundred thousand pesos, Seven per centum of the amount by which the net estate exceeds five hundred thousand pesos and does not exceed six hundred thousand pesos; Seven and one-half per centum of the amount by which the net estate exceeds six hundred thousand pesos and does not exceed seven hundred and twenty thousand pesos; Eight per centum of the amount by which the net estate exceeds seven hundred and twenty thousand pesos and does not exceed eight hundred and fifty thousand pesos; Eight and one half per centum of the amount by which the net estate exceeds eight hundred pesos does not exceed one million pesos; Nine per centum of the amount by which the net estate exceeds one million pesos and does not exceed one million two hundred thousand pesos; Nine and one-half per centum of the amount by which the net estate exceeds one million two hundred thousand pesos and does not exceed one million five hundred thousand pesos; and Ten per centum of the amount by which the net estate exceeds one million five hundred thousand pesos. The corresponding estate tax pertaining to and payable by every child or grandchild shall be reduced by five per centum of the said tax.