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Transfer Taxation:
Donation:
Concepts and
Applications
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Chapter 1
Contract of Donation
Chapter Objectives:
At the end of this chapter learners are expected to demonstrate
the following learnings:
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shall be done through their parents or legal
representatives. (art. 741, Civil Code)
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• Donative intent – the donor must have its intent to
donate or give not vitiated with VIMFU
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o Written – written donation can be a form of
donation if the object of donation is a movable
or personal property which value is equal or
exceeds P5,000.
o Public Instrument – when donating immovable
or real properties the document must me
notarized.
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3. Acceptance must be done during the lifetime of the
donor, and the latter must be notified of the acceptance.
Chapter Exercise
II. Multiple Choice. Choose the best answer for the following
questions.
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Chapter 2
VOID DONATIONS
Chapter Objectives
At the end of this chapter learners are expected to demonstrate
the following learnings:
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Note: the term moderate is relative to the status of life of the
donor.
Illustration: case 1:
Don Manuel de Ayala, a billionaire with net asset of 16 billion,
give a necklace to his wife Amanda amounting to P50,000, during
their wedding anniversary.
Case 2: Miyong, with P32,000 net worth, give his wife Amanda an
earring worth P30,000 on their wedding anniversary.
Question: is the donation valid in both cases?
Answer: the donation in case 1 is valid while the donation in case
2 is void. In case 1 the amount of gift between spouses is
moderate, while in case 2 excessive. Looking at the net worth of
the donor it can be seen that in case 1 the amount of gift is
immaterial compare to donors net worth, while in case 2 the
amount of gift is material enough compared to his net worth.
2. Between persons living together as husband and
wife without a valid marriage (art. 87, Family Code);
A man and a woman who is cohabiting with each other does not
receive a benefit of property relation between spouses, they will
be bound on co-ownership of property, therefore the legal heir
of a man or o woman is not the common-law wife or husband but
the ascendants or descendants of the man or a woman. If they
donate things with each other they are circumventing the
purpose of Family code with regards to property relations.
Illustration: Romeo and Juliet is living with each other outside the
matrimony of marriage. During their stay with each other, they
acquire various properties under co-ownership. One of the
property acquired is their Montero Sports 2019 model. On
Juliet’s birthday, Romeo donated the aforementioned SUV to
Juliet as his birthday gift to Juliet. Is the donation valid?
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Answer: the donation was invalid, for it will be detrimental to the
legal heir of Romeo and the law does not encourage such affair
outside the matrimony of marriage.
3. Between persons guilty of concubinage or adultery
at the time of donation (art. 739, Civil code)
Concubinage is a crime committed by a married man while
adultery is a crime commited by a married woman. Any persons
convicted by final judgment of the crimes mentioned above are
cannot make a valid donation for the protection of a faithful
husband in case of adultery and faithful wife in case of
concubinage. (The life Assurance Company vs. Ebrado, G.R. L-
44059)
Illustration: Don Simoun de Buenaventura was married to
Claudia de Buenaventura, during his lifetime he is living with his
common-law wife Martina, although Simoun was not legally
separated from his legal wife. Simoun secure a life insurance
from Aguila Insurance corporation having his common-law wife
as the revocable beneficiary. When Simoun died after meeting a
car accident. Martina filed with the insurance company her claim
with regards to the insurance, while Claudia also filed to the said
insurance company her claim. Aguila having a doubt on who has
a better right filed an interpleader case at the court of first
instance in Camarines Sur. Who has a better right with regards to
the life insurance of Simoun?
Answer: Claudia has a better right over the common-law wife of
Simoun. Although the insurance was expressly designated the
common-law wife as the revocable beneficiary, the said
insurance was indirect donation to his common-law wife, which
the law prohibits. The cannot be circumvented.
4. Between persons found guilty of the same criminal
offense, in consideration thereof (art. 739, Civil
Code)
Illustration: Bee One and Bee two kidnapped Cee one, and asks
for ransom money. The father of Cee one immediately give the
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ransom. Bee one and Bee two divided the ransom equally. Bee
two realizing the effort of Bee one on their job, decided to donate
some money to Bee one. Is the donation of Bee two to Bee one
valid?
Answer: the donation was void, Bee one and Bee two cannot be
donor and Donee to each other.
5. Those made to public officer or his/her spouse,
descendants and ascendants, by reason of his/her
office (art. 739, Civil code)
Illustration:
Mayor Sarah Batan of Tacloban City receives a donation from
Don Ferdinando a wealthy businessman in Tacloban amounting
to P50,000,000. Is the donation valid?
Answer: the donation was void. Donation made to public officers
or any of his family members and immediate relatives are not
valid for the reason to discourage corrupt practices by giving
economic favors to the donors of public officials at the expense
of tax payer’s money.
6. Donations made by persons to those who cannot
inherit from them:
a. Donation to the priest who heard the
confession of the donor during his last
illness, or the minister who extended
spiritual aid to him during the same period;
b. Donations to the relatives of such priest or
minister within 4th degree
c. Donation to the church, order chapter,
community, organization, or institution to
which such priest or minister belongs;
d. Those made to a guardian with respect to
donations made by a ward before the final
accounts of the guardianship have been
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approved, except when the guardian is the
ward’s ascendants, descendants, brother or
sister;
e. Any physician, surgeon, nurse, health officer,
or druggist, who took care of the donor
during his last illness (art. 740, art. 1027, Civil
code)
Chapter Exercise
I. True or False - Write true if the statement is correct and False
if the statement is incorrect.
1. Husband can donate properties to his wife.
2. Husband can give moderate gifts to his wife during family
celebration.
3. Husband can donate property to his 7 year old stepson.
4. Husband can donate property to his 7 year old son.
5. Husband can donate property to his mother-in-law.
6. Husband can donate property to his common-law wife.
7. Convicted money launderer can donate money to another
money launderer.
8. A mayor can accept donation from other persons by reason
of his/her office.
9. A doctor can accept donation from his patient because of the
successful operation conducted by the doctor.
10. A priest who extends spiritual aid to his believer can accept
donation from the latter.
II. Multiple Choice. Choose the best answer for the following
questions.
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d. No comment.
5. Edilberto give his Father-in-law a fighting cock worth
P250,000 to symbolize his gratitude to him for being the best
father-in-law in the world. Is the donation valid?
a. The donation is valid, in any way it is just a fighting cock.
b. The donation is void, for it being contrary to law to have a
fighting cock.
c. The donation is invalid, the law expressly prohibits donation
to the parents of his spouse.
d. None of the above.
6. Dr. Dimapatay received a gift from his patient last month
which he has operated successfully, a Lamborghini Sports car
amounting to P5,500,000. Is the donation valid?
a. The donation is valid, anyone can express their gratitude and
can give a gift.
b. The donation is valid, the donor can give what he want as
long as he affords it.
c. The donation is void, as expressly prohibits under the
Philippine law.
d. None of the above
7. Mayor Pare Ejercito received a gift from the government
contractor. The gift consist of starbucks coffee and Krispee
Kreeme Donut. Is the gift valid?
a. The gift is invalid, for the mayor being a public servant is not
allowed to accept thing from citizen.
b. The gift is invalid, for the reason that the gift was given to
him because of his position as mayor.
c. The gift is valid, for it being immaterial in value.
d. None of the above.
8. Rev. Ptr. John Paul Iglesia render an spiritual aid to Don
Emilio in his past illness. In exchange Don Emilio donated P10
million to Gospel of the Lord which Ptr. John is connected. Is
the donation valid?
a. The donation is invalid, for being expressly stated under the
Philippine law
b. The donation is invalid, for the donation should be made to
Ptr. John.
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c. The donation is valid, because the donee does not have any
connection to the donor.
d. None of the above.
9. Inday Sarah, daughter of Mayor Pandoy Sarah, received a gift
from Bong Ga, a leading business man in their town, and a
friend of his father. The gift consist of flower, chocolates and
a brand new car. Is the donation valid?
a. The donation is void, Inday cannot accept the gift if she don’t
want Bong Ga to be frineds with her father.
b. the donation is void. Donation made to public officers or any
of his family members and immediate relatives are not valid
for the reason to discourage corrupt practices
c. the donation is valid, any woman can accept a gift from a
man.
d. The donation is void, Inday have to preserved the image of a
dalagang Filipina and cant accept gift without the consent of
her father.
10. Don Tiburcio give a channel bag to his common-law wife
during their dinner date at the Soliares hotel in Pasay City
amounting to P50,000. Is the donation valid?
a. The donation is valid for it is only a moderate gift coming
from Don Tiburcio.
b. The donation is valid, the object of the donation is not
contrary to law, moral, good customs, public order, and
public policy.
c. The donation is void, for the law does not encourage that
kind of relation that would be detrimental to the legal wife.
d. None of the above.
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Chapter 3
GROSS GIFT AND ALLOWED DEDUCTION
Chapter Objectives
At the end of this chapter learners are expected to demonstrate
the following learnings:
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Philippine regardless where it is situated is taxable under the
Philippine taxation law.
INTANGIBLE ASSET SITUS
RECEIVABLE (PROMISSORY NOTE) RESIDENCE OF DEBTOR
BANK DEPOSIT LOCATION OF BANK
OTHER INTANGIBLE PROPERTIES:
A. FRANCHISE, PATENTS, COPYRIGHTS,
WHERE PROPERTY IS USED OR EXERCISED
TRADEMARKS
B. INVESTMENT IN PARTNERSHIP WHERE PARTNERSHIP IS ESTABLSIHED
C. SHARES OF STOCK, BONDS, CORPORATE
OBLIGATIONS
1. DOMESTIC CORPORATION WITHIN THE PHILIPPINES
2. FOREIGN CORPORATION WITHOUT THE PHILIPPINES
EXCEPT:
i. IF >= 85% OF BUSINESS IS IN THE
WITHIN THE PHILIPPINES
PHILIPPINES
ii. IF SHARES OR BONDS HAVE
ACQUIRED A BUSINESS SITUS IN THE WITHIN THE PHILIPPINES
PHILIPPINES
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b. Separate or exclusive property owned by only one
spouse
Hearty and Cheezy, husband and wife under the exclusive
property regime. Hearty donated P900,000 to Sagik Kalikasan
Movement Inc. a non-government organization dedicated to
save the environment. how much is the gross gift of Hearty that
will appear on her Donors tax return?
Answer: P900,000
Explanation: Hearty and Cheezy being in an exclusive property
regime cannot donate what he don’t own, therefore Hearty may
only donate from her property, therefore all the donation came
from the property of Hearty.
OTHER TRANSACTIONS SUBJECT TO DONOR’S TAX
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Illustration: Alberto Martinez Sold his car with plate number GAC
3241 with a FMV of 2,500,000 to his friend for a consideration
amounting to P500,000. Does the transaction mentioned
compose of a donation or a valid contract of sale?
Answer: the transaction above compose of a valid sale AND a
donation, valid sale for the amount of P500,000, that will be
subject to Income tax and the P2,000,000 will be subject to
Donors tax.
In transfers for insufficient consideration in the Sale of
Domestic Shares of Stock:
FMV of share of stock sold, Bartered or exchanged shall
be as follows:
1. If the shares are listed, but are sold, bartered, or
exchanged outside the local stock exchange, the
FMV shall be:
a. The closing price on the day the shares are
sold, bartered, or exchanged;
Or
b. The closing price on the day nearest to the
date of sale, barter, or exchanged if there is
no sales transaction of the shares in the local
stock exchange on the day it was sold,
bartered, or exchanged.
2. If the shares are not listed in the local stock
exchange, the FMV shall be determined using the
ADJUSTED NET ASSET VALUE METHOD. In such
method, all assets and liabilities are adjusted to fair
market values. The net adjusted asset minus the
adjusted liability values is the value of equity. For real
properties, the FMV shall be the highest of the zonal
value, assessor’s value, or the independent
appraiser’s value (rev. Regs. 6-2008, 6-2013).
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Note: under TRAIN law the above provision has an additional
provision. A sale, exchange, or other transfer made in the
ordinary course of business (i.e., bona fide transaction, at arm’s
length, and free from donative intent) shall be considered as
made for an adequate and full consideration. With this as long as
it is in ordinary course of business even it is insufficient in
consideration, it is still treated as valid sale.
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• Department of Science and Technology
– for research and other scientific
activities.
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specific, general and occupation-related
theoretical instruction.
H. Donations of cooperatives to duly accredited
charitable, research and educational institutions, and to
socio-economic projects within their area of operations
Cooperatives have a mandate to uplift the way of living within
their area, by this any donation of cooperatives to accredited
charitable, research and educational institutions, and to socio-
economic projects that may uplift the life of their members in
their area of operations.
I. Donations of lands certified by the LGU to have been
donated for socialized housing purposes.
Socialized housing are project of the government any donation
for the benefit of the government are exempt in donor’s tax to
encourage donation to the government.
VALUATION OF GIFTS – properties shall be valued at Fair
Market Value at the time the gift is made
PROPERTY VALUATION
FMV WHICH IS THE HIGHER OF THE ZONAL
REAL PROPERTY
VALUE OR THE ASSESSOR'S VALUE
PERSONAL PROPERTY FMV AT THE TIME OF GIFT
AVERAGE OF THE LOWEST AND HIGHEST
QUOTES ON THE VALUATION DATE (DATE OF
STOCKS LISTED IN THE STOCK EXCHANGE
GIFT) OR DAY NEAREST TO THE VALUATION
DATE
FOR COMMON SHARES 1) NET ASSET VALUE OR
STOCKS NOT LISTED IN THE STOCK
2) BOOK VALUE, WHICHEVER IS HIGHER
EXCHANGE
PREFERRED SHARES - PAR VALUE
FMV IS THE DISCOUNTED AMOUNT OF THE
NOTES; ACCOUNTS RECEIVABLE
UNPAID PRINCIPAL PLUS INTEREST.
1. AT THE TIME OF DONATION, THE FMV OF
THE STOCK OPTION
2. UPON EXERCISE OF THE OPTION, THE
STOCK OPTIONS
DIFFERENCE BETWEEN THE HIGHER OF THE BV
OR FMV OF THE UNDERLYING SHARES AT THE
TIME OR EXERCISE, AND THE EXERCISE PRICE
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SUMMARY OF DEDUCTIONS/EXEMPTIONS
DONOR
EXEMPTION/DEDUCTION CITIZENS/RESIDENT NON-RESIDENT
ALIENS ALIENS
DOWRY / X
GIFTS TO GOVERNMENT / /
GIFTS TO NON-PROFIT ORGANIZATIONS / /
MORTGAGE ASSUMED BY DONEE / /
DIMUNITION OF GIFT PROVIDED BY THE DONOR / /
OTHER / /
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Chapter Exercise
I. True or False – Write True if the statement is correct and false
if the statement is incorrect.
1. Citizen donor shall not be subject to donors tax when the
situs of the object of donation is outside the philippines.
2. Non-resident alien donating properties outside the
philippines will be subject to donors tax
3. Bank deposit have a situs where the depositor lives.
4. Husband and wife can be a donor at the same time to one
donee.
5. Transfer for insufficient consideration can be tax under
donors taxation
6. Sale of capital asset for insufficient consideration will be
taxed under donor’s taxation.
7. Donation to Development Academy of the Philippines is
exempt under Donor’s taxation.
8. Donation to Philippine Red Cross is subject to Donor’s Tax
9. Dowries can be deducted from the gross gift before
implementation of TRAIN law.
10. Gifts made to the government are taxable under Donors
taxation.
II. Multiple Choice Questions – Choose the best answer for the
following questions.
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Chapter 4
DONORS TAX
Chapter Objectives:
At the end of this chapter learners are expected to demonstrate
the following learnings:
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intimidation, mistake, fraud and undue influence to give certain
money or property.
2. Both the donor and the done are living at the time of the
transfer.
The Donor must be living at the time of donation because if he is
not living at the time of transfer, estate taxation will be in effect
than the donors tax. In case on the part of the donee, if he is not
alive at the time of transfer he cannot accept the said donation,
acceptance is one of the elements of donation.
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If the net gift is:
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Chapter Exercise
I. True or False: Write True if the statement is correct and false
if the statement is incorrect.
1. Donors tax is also called gift tax
2. Donors tax is a property tax
3. Donor’s tax was imposed to gratuitous transfer upon death
of the giver.
4. The Donor must be living at the time of donation
5. the donor’s tax is computed on the basis of the gross gifts
made during a calendar year
II. Computation: compute the Donors tax due in each donation
below.
Mr. and Mrs. K, made the following donations of conjugal funds
of properties in 2017 (unless stated otherwise), as follows:
1. February 14: to L, a legitimate son, a piece of land with
FMV of P400,000 on account of L’s graduation from
college
2. May 14: to M, a legitimate daughter on account of M’s
marriage to be celebrated on December 25, 2017,
house and lot with FMV of P1,000,000
3. June 14: to N, Brother of Mrs. K, P200,000
4. September 14: to O, the efficient and beautiful
secretary of Mr. K for taking care or Mr. K while mrs. K
is vacationing in USA, jewelry worth P300,000
5. October 14: to P, the honest and good looking driver of
Mrs. K who accompanied Mrs. K on her trip to and from
USA, a necklace worth P500,000
6. December 14: to Q, the daughter of O on account of Q’s
birthday, pieces of jewelry inherited by MR. K during
marriage, with FMV of P400,000
7. December 25: to R, a legitimate son, a residential house
and lot with FMV of P1,200,000 but subject to the
condition that R would assume the mortgage
indebtedness in the amount of P400,000
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III. Computation: compute for the donors tax due in every
donation.
Mr. and Mrs. Mayaman, made the following donations of
conjugal funds of properties in 2019 (unless stated otherwise),
as follows:
1. February 14: to L, a legitimate son, a piece of land with
FMV of P400,000 on account of L’s graduation from
college
2. May 14: to M, a legitimate daughter on account of M’s
marriage to be celebrated on December 25, 2017,
house and lot with FMV of P1,000,000
3. June 14: to N, Brother of Mrs. K, P200,000
4. September 14: to O, the efficient and beautiful
secretary of Mr. K for taking care or Mr. K while mrs. K
is vacationing in USA, jewelry worth P300,000
5. October 14: to P, the honest and good looking driver of
Mrs. K who accompanied Mrs. K on her trip to and from
USA, a necklace worth P500,000
6. December 14: to Q, the daughter of O on account of Q’s
birthday, pieces of jewelry inherited by MR. K during
marriage, with FMV of P400,000
7. December 25: to R, a legitimate son, a residential house
and lot with FMV of P1,200,000 but subject to the
condition that R would assume the mortgage
indebtedness in the amount of P400,000
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Chapter 5
Filing
Chapter Objectives
At the end of this chapter learners are expected to demonstrate
the following learnings:
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Where to file?
a. If donor is a resident donor (citizen or
resident alien) – with the Authorized Agent
Bank, Revenue District Office, collection
officer or duly authorized treasurer of the
city or municipality where the donor is
domiciled at the time of transfer, or with the
office of the commissioner if donor has no
legal residence.
Note: When the return is filed with an AAB,
taxpayer must accomplish and submit BIR-
prescribed deposit slip, which the bank teller
shall machine validate as evidence that
payment was received by the AAB. The AAB
receiving the tax return shall stamp mark the
word “Received” on the return and also
machine validate the return as proof of filing
the return and payment of the tax by the
taxpayer, respectively. The machine
validation shall reflect the date of payment,
amount paid and transactions code, the
name of the bank, branch code, teller’s code
and teller’s initial. Bank debit memo number
and date should be indicated in the return
for taxpayers paying under the bank debit
system.
b. If donor is non-resident donor (non-resident
alien) – with the Philippine Embassy or
Consulate in the country where he is
domiciled at the time of transfer; or directly
with the office of commissioner (RDO no.
39).
Contents of the donor’s tax return
The return shall set forth:
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1. Each gift made during the calendar year which is to be
included in computing net gifts;
2. The allowed deductions claimed;
3. Any previous net gifts made during the same calendar
year;
4. The name of the done; and
5. Such further information as may be required (sec. 103
(A), NIRC).
Mandatory Requirements [Additional two (2) photocopies of
each document]
1. Duly Notarized Original Deed of Donation
2. Taxpayer Identification Number (TIN) of Donor and Donee/s
3. Proof of claimed tax credit, if applicable
4. Duly Notarized Original Special Power of Attorney (SPA) for the
transacting party if the person signing is not one of the parties to
the Deed of Donation
5. Validated return and Original Official Receipt/Deposit Slip as
proof of payment; for no payment return, copy of
Acknowledgement Receipt of return filed thru eBIRForms
For Real Properties: [Additional two (2) photocopies of each
document]
6. Certified True Copy/ies of the Original/Transfer/Condominium
Certificate/s of Title of the donated property, if applicable
7. Certified True Copy/ies of the Tax Declaration at the time or
nearest to the date of the transaction issued by the Local
Assessor’s Office for land and improvement, if applicable
8. Certificate of No Improvement issued by the Assessor’s Office,
if applicable
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For Personal Properties: [Additional two (2) photocopies of
each document]
9. Proof of valuation of shares of stock at the time of donation, if
applicable;
a. For shares of stocks not listed/not traded - Audited Financial
Statement of the issuing corporation nearest to the date of
donation with computation of the book value per share
b. For shares of stocks listed/traded – Value at the time of
donation or the closing rate nearest to the date of donation
c. For club shares – Transaction value on the date of donation as
published in the newspaper
10. Stock certificate
11. Proof of valuation of other types of personal properties, if
applicable;
12. Proof of claimed deductions, if applicable;
13. Certificate of deposit/investment/indebtedness/stocks for
donated cash or securities;
14. Certificate of registration of motor vehicle, if any.
Other Additional Requirements, if applicable: [Additional two
(2) photocopies of each document
Duly Notarized Original SPA, if the person
transacting/processing the transfer is not a party to the
transaction
Certification from the Philippine Consulate if document is
executed abroad
Location Plan/Vicinity map, if zonal value cannot be readily
determined from the documents submitted
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Certificate of Exemption/BIR Ruling issued by the
Commissioner of Internal Revenue or his authorized
representative, if tax exempt
Such other documents as may be required by law / rulings /
regulations / etc.
Credit for foreign donor’s tax paid
- Available only to resident donors (citizen or resident
aliens donors)
- Subject to limits
Limits
NET GIFT (PER FOREIGN COUNTRY) PHILIPPINE
X
a. TOTAL NET GIFTS DONOR'S TAX
RULES:
1. If there is only one foreign country, only limit A is used.
2. If there are two or more foreign countries, use both limits
Penalties
a. Failure to file any return and pay the amount of tax due on or
before the due date;
3. Interest at the rate of double the legal interest rate for loans
or forbearance of any money in the absence of an express
stipulation as set by the Bangko Sentral ng Pilipinas from the date
prescribed for remittance until the amount is fully remitted:
Provided, that in no case shall the deficiency and the delinquency
interest prescribed under Section 249 Subsections (B) and (C) of
the National Internal Revenue Code, as amended, be imposed
simultaneously.
4. Compromise penalty as provided under applicable rules and
regulations.
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Chapter Exercise
I. Filling up Donors Tax Return
1. Polong donate the following properties:
• P2,000,000 car on November 2, 2018 to his
favorite nephew
• P3,000,000 agricultural lot on January 5, 2019
to his son who is getting married
• P4,000,000 building on February 14, 2019 to his
father who is getting married
• P5,000,000 cash on July 1, 2019 to ABS-CBN
Foundation (non-accredited NGO of
Government)
• P1,000,000 cash on August 1, 2020 to his
mother in law.
Fill up the Donors Tax Return assuming that the
Donor files his Return for 2019 on August 15, 2019.
2. Mr. and Mrs. Lembres transferred the following
properties in 2018:
• P400,000 cash to daughter, Jane as Graduation
Gift
• P600,000 land to son, Rogelio as wedding gift
• P560,000 car to Emily, Mr. Lembre loyal
Secretary as birthday gift.
Assuming you are the accountant of Mr. Lembres,
fill up his Transfer Tax return for the year 2018
3. Mr. and Mrs. Napakayaman, made the following
donations of conjugal funds of properties in 2019
(unless stated otherwise), as follows:
• February 14: to L, a legitimate son, a piece of land with
FMV of P400,000 on account of L’s graduation from
college
• May 14: to M, a legitimate daughter on account of M’s
marriage to be celebrated on December 25, 2017,
house and lot with FMV of P1,000,000
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• June 14: to N, Brother of Mrs. K, P200,000
• September 14: to O, the efficient and beautiful
secretary of Mr. K for taking care or Mr. K while mrs. K
is vacationing in USA, jewelry worth P300,000
• October 14: to P, the honest and good looking driver of
Mrs. K who accompanied Mrs. K on her trip to and from
USA, a necklace worth P500,000
• December 14: to Q, the daughter of O on account of Q’s
birthday, pieces of jewelry inherited by MR. K during
marriage, with FMV of P400,000
• December 25: to R, a legitimate son, a residential house
and lot with FMV of P1,200,000 but subject to the
condition that R would assume the mortgage
indebtedness in the amount of P400,000
Assuming on December 26, 2019 the accountant of Mr.
Napakayaman filed the Donors tax return. Fill up the Donors
tax return for the year 2019.
Note:
The Donor’s Tax Return can be Downloaded from this link:
https://www.bir.gov.ph/images/bir_files/taxpayers_service
_programs_and_monitoring_1/1800_Jan%202018%20ENCS
_final.pdf
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Bibliography
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