Rates of estate tax.
Section 99
SEC. 99. Rates of estate tax. — There shall be levied assessed, collected and paid upon the transfer of the net estate as determined in accordance with Section 100 and 101 of every decedent, whether resident or non-resident of the Philippines, a tax based on the value of such net estate, as computed in accordance with the following schedules: If the Net Estate is The Tax Shall Be Over But not Over Plus of Excess Over - P10,000 Exempt - - P 10,000 50,000 3% - P10,000 50,000 75,000 1,200 4% 50,000 75,000 100,000 2,200 5% 75,000 100,000 150,000 3,450 10% 100,000 150,000 200,000 8,450 15% 15,000 200,000 300,000 15,950 20% 200,000 300,000 400,000 35,950 25% 300,000 400,000 500,000 60,950 30% 400,000 500,00 625,000 90,950 35% 500,000 625,000 750,000 134,700 40% 625,000 750,000 875,000 184,700 45% 750,000 875,000 1,000,000 240,950 50% 875,000 1,000,000 2,000,000 303,450 53% 1,000,000 2,000,000 3,000,000 833,450 56% 2,000,000 3,000,000 1,393,450 60% 3,000,000