A Filipino donor made a donation for the current year:

• Cash of P750,000 to his daughter.
• House and lot valued at P2,500,000 to his beloved girlfriend.
• Car with a value of P1,250,000 to his brother.

Required: Calculate the donor's tax for the year.

Solution: Philippine Tax Law on Transfer and Business Taxation.

Answer rating: 100% (QA)

In the Philippines donors are subject to a donors tax on the transfer of properties The donors tax rates vary depending on the relationship between th... View the full answer