Practice question
What general donor's tax rate does Section 99(A), as amended by TRAIN, impose on the annual taxable excess?
- 6%
- 30% for every gift
- 12%
- 20% for every gift
- 1%
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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