Practice question
What period does Section 99(A) use to aggregate a donor's gifts for its general annual computation?
- Each day separately
- The calendar year
- The donor's entire lifetime without annual periods
- Each hour separately
- Every five-year period
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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