Farmers pay no estate tax
If you’re the heir of the farmer who’s an ARB, you won’t be charged estate tax. In other words we’re giving them free lands
Daily TribuneIf you’re the heir of the farmer who’s an ARB, you won’t be charged estate tax. In other words we’re giving them free lands
Photo by Analy Labor / Daily Tribune
Agrarian Reform Beneficiaries, or ARBs, need not pay estate taxes if farmers wish to transfer their farm lands to their heirs.
Speaking at the new Bagong Pilipinas Ngayon program of the Presidential Communication Office, DAR Secretary Conrado Estrella said that under the Republic Act 11953, or the New Agrarian Emancipation Act, not only ARBs' loan, interests and surcharges are condoned, but it also offer non-payment of estate taxes to farmers wishing to transfer their farm land to their heirs.
"The other significant thing is that the law states that if you're the heir of the farmer who's an ARB, you won't be charged estate tax. In other words we're giving them free lands," Estrella explained.
Free farmers
He added that the main objective of the New Agrarian Emancipation Act, is to free the farmers from all the burden besetting them, "like the amortization fees they pay periodically."
Estrella said this would lead to the farmers better output and productivity.
"Especially if they bond and unite in a community, they will be able to farm using scientific and modern methods of farming, henzce, greater production," Estrella further explained.
Streamlined services
Estrella added that farmers also need not go to Manila or to DAR's main office, as he has just signed a Special Order creating the Condonation Quick Response Centers in all the provinces and in the DAR's Central Office coinciding the hiring and appointment of lawyers "to the level of Attorney IV, to attend to the farmers' needs."