Practice question
A donor makes three completed cash gifts of P150,000 each to three different persons during 2026. Assume no other gifts, deductions, special exemptions or credits. Compute the general donor's tax and explain why three recipients do not produce three P250,000 allowances.
Legal references
- NIRC Section 99(A), as amended by RA 10963 Section 28; https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
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