ATENEO LAW SCHOOL

Rockwell Complex, Makati City

Syllabus on
DONORS TAX
Atty. Carlos G. Baniqued
I.

MEANING OF GIFT
Revenue Regulations No. 2-2003, Dec. 16, 2002
Sec. 104, NIRC
Tuzon v. CA, 212 SCRA 739, 745 (1992)
Pirovano v. CIR, 14 SCRA 832 (1965)
Tang Ho v. Board of Tax Appeals, 97 Phil. 889
Commissioner v. Duberstein
363 U.S. 278
Old Colony Trust Co. v. Commissioner
279 U.S. 716, 730
Bogardus v. Commissioner
302 U.S. 34, 41, 43
Robertson v. U.S.
343 U.S. 711, 714
Commissioner v. Lo Bue
351 U.S. 243, 246
Starks v. Commissioner
25 TCM 676 (1966)

II. VALUATION OF GIFTS

Sec. 102, NIRC
III. TRANSFER FOR LESS THAN ADEQUATE CONSIDERATION
Sec. 100, NIRC
CIR v. B.F. Goodrich Phils., Inc. (now Sime Darby International Tire Co.,
Inc. and the Court of Appeals, 303 SCRA 546 (1999)

Philippine American Life and General Insurance Company v.

Secretary of Finance, G.R. No. 210987, November 24, 2014, 741
SCRA 578
IV. EXEMPT GIFTS
Sec. 101, NIRC
BIR Rul. No. 171-98, Dec. 3, 1998
BIR Rul. No. 56-99, April 23, 1999
V. FOREIGN TAX CREDIT
Sec. 101(C), NIRC
A. Per Country Limitation
B. Global Limitation
VI. ON WHOM IMPOSED

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Sec. 98(A), NIRC
VII.ADMINISTRATIVE
A. Tax Rates
Sec. 99, NIRC
B. Donors Tax Return
Sec. 103(A), NIRC
C. Payment of Donors Tax
Sec. 103(B), NIRC
D. Consequences of Non-Payment of Donors Tax
Sec. 248, NIRC
Sec. 249, NIRC
Sec. 95, NIRC
Sec. 97, NIRC