Taxation · Lesson 12 of 14

Donor's tax in depth: gross gifts, exemptions, and the cumulative computation

Establish the four requisites of a taxable donation, cumulate every gift within one calendar year before applying the single P250,000 exemption and the flat 6%, credit the tax already paid on earlier gifts, treat spouses as separate donors, and know when a sale for insufficient consideration becomes a gift.

17 min read · Super Ea