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  • Donor's Tax Final - Alf

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    Alfred Valenzuela
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    The document outlines the tax rates for donor's tax on net gifts in the Philippines. It provides 7 tax brackets for net gifts between 0 PHP to over 10,000,000 PHP, with rates ranging from exempt to 15%. It also states that the tax rate for net gifts to strangers or non-relatives is a flat 30% of the net gift amount.

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    Donor's Tax Final- Alf

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    The document outlines the tax rates for donor's tax on net gifts in the Philippines. It provides 7 tax brackets for net gifts between 0 PHP to over 10,000,000 PHP, with rates ranging from exempt to 15%. It also states that the tax rate for net gifts to strangers or non-relatives is a flat 30% of the net gift amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    6 views2 pages

    Donor's Tax Final - Alf

    Uploaded by

    Alfred Valenzuela
    The document outlines the tax rates for donor's tax on net gifts in the Philippines. It provides 7 tax brackets for net gifts between 0 PHP to over 10,000,000 PHP, with rates ranging from exempt to 15%. It also states that the tax rate for net gifts to strangers or non-relatives is a flat 30% of the net gift amount.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    Particulars Tax Rate Remarks/Basis

    Donors Tax
    Net gift of Php0 to Php100,000 but not Exempt Net gift
    over Php100,000
    Net gift over Php100, 000 but not over 2% of the Net gift Net gift
    Php200, 000 excess over
    Php100,000
    Net gift over Php200, 000 but not over Php2, 000 + 4% of the Net gift
    Php500, 000. Net gift excess over
    Php200,000
    Net gift over Php500, 000 but not over Php14, 000 + 6% of Net gift
    Php1, 000, 000 the Net gift excess over
    Php500,000
    Net gift over Php1, 000, 000 but not over Php44, 000+ 8% of Net gift
    Php3, 0000, 000 the Net gift excess over
    Php1, 000,000
    Net gift over Php3, 000, 000 but not over Php204, 000+ 10% of Net gift
    Php5, 0000, 000 the Net gift excess over
    Php3, 000,000
    Net gift over Php5, 000, 000 but not over Php404, 000+ 12% of Net gift
    Php10, 0000, 000 the Net gift excess over
    Php5, 000,000
    Net gift of Php10, 000, 000 and above Php1, 004,000+15% of Net gift
    the Net gift excess over
    Php10, 000,000

    Particulars Rate Remarks/Basis


    Donors Tax- Stranger
    Net Gift of Any Amount 30% Net Gift

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