Practice question
Under Section 99(A)'s general computation, what annual exempt-gift amount is applied before the 6% rate?
- P10,000 per donee
- P50,000 per transfer
- P250,000 in the donor's calendar-year total
- P1 million per donee
- P5 million per gift
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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