Practice question
Two individuals each independently donate P250,000 of their own money during 2026. Neither makes any other gift, and attribution to each separate donor is established. Compare this with a single donor giving P500,000. Ignore special adjustments and filing issues.
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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