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1. Compute for Donor's tax payable, if any 2. With solution 3. Based on Philippines Taxing Laws Relevant information: YOU, single, Filipino citizen, and a
1. Compute for Donor's tax payable, if any
2. With solution
3. Based on Philippines Taxing Laws
Relevant information: YOU, single, Filipino citizen, and a resident of N. Reyes St., Sampaloc, Manila, made a donation to Vic Canilao Gudani on September 10, 2020. In filing the donor's tax return, the BIR RDO No. 032 Manila assigned YOU Taxpayer Identification No. 123-456-789-0000. On the other hand, Vic, as the donee was given TIN no. 987-654-321-0000. Vic lives in Brgy. Pabebe, Quezon City. The following information on the donated property are relevant: Details Title No. Tax Declaration No. - Land Location Area Classification Lot 001 11-01 San Isidro, Macabebe, Pampanga 1000 sqm Agricultural Details Lot in Pampanga Zonal Value Php 5,000,000.00 Assessed Value Php 1,000,000.00Step by Step Solution
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