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 as determined in accordance with Sections 88 and 89, of every decedent, whether resident or nonresident of the Philippines, a tax based on the value of such net estate, as computed in accordance with the following schedule: If the Net Estate Is The Tax Shall Be Over But Not Over Plus Of Excess Over - P 10,000 Exempt - P 10,000 P 10,000 50,000 3% - 50,000 50,000 75,000 P 1,200 4% 75,000 75,000 100,000 2,200 5% 100,000 100,000 150,000 3,450 10% 150,000 150,000 200,000 8,450 15% 200,000 200,000 300,000 15,950 20% 300,000 300,000 400,000 35,950 25% 400,000 400,000 500,000 60,950 30% 500,000 500,000 625,000 90,950 35% 625,000 625,000 750,000 134,700 40% 750,000 750,000 875,000 184,700 45% 875,000 875,000 1,000,000 240,950 50% 1,000,000 1,000,000 2,000,000 303,450 53% 2,000,000 2,000,000 3,000,000 833,450 56% 3,000,000 3,000,000 1,393,450 60%