Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 21, 2024

Hello, I would like to ask a question, why did the Congress (Philippines) reduced the donor's tax rate to 6% under TRAIN Law from the

Hello, I would like to ask a question, why did the Congress (Philippines) reduced the donor's tax rate to 6% under TRAIN Law from the previous 2% to 15% tabular rate for relative donee and 30% for stranger donee?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting The Managerial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

12th edition

013448682X, 978-0134486826

More Books

Students also viewed these Accounting questions

Question

★★★★★

Noble gases (Group 18 in the periodic table) have the following volume concentrations in dry air: He, 5.24 ppm; Ne, 18.2 ppm; Ar, 0.934%; Kr, 1.14 ppm; Xe, 87 ppb. (a) A concentration of 5.24 ppm He...

Answered: 1 week ago

Question

★★★★★

The perimeter of a square is 48 centimeters. What is its area, in square centimeters? F. 12 G. 96 H. 144 J. 192 K. 2,304

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Stella Company issues $3 million, 10-year, 9% bonds at 96, with interest payable on July 1 and January 1. The straight-line method is used to amortize bond discount. (a) Prepare the journal entry to...

Answered: 1 week ago

Question

★★★★★

(d) An investor obtains the following CAPM beta values for a set of UK stocks: Beta value 1.6 Share Beta value Share Barlow plc 0.1 Evermore plc Cardy plc -0.2 Franklin plc Davies plc 1.1 Gardener...

Answered: 1 week ago

Question

★★★★★

Joanna Smith has recently purchased an accounting practice in a large provincial city. Although her decision was based on wanting to make a tree change in her life, she also wants to make her new...

Answered: 1 week ago

Question

★★★★★

Q1: Why is ethics important in accounting? Q2: What are some common ethical issues faced by accountants?

Answered: 1 week ago

Question

★★★★★

Q1: What is the purpose of investment analysis in accounting? Q2: What are some common methods used in investment analysis?

Answered: 1 week ago

Question

★★★★★

Q1: What is corporate finance, and what are its primary functions? Q2: Explain the difference between equity financing and debt financing.

Answered: 1 week ago

Question

★★★★★

SECTION D- ESSAY QUESTIONS. [50 MARKS] Answer any two questions from this section. Question 1 Study the below passage and answer the questions that follow. Many well-known examples of the use of...

Answered: 1 week ago

Question

★★★★★

A# C# D# F#G# A# C# D# F# G#A# C#D# F#G#A# C# D# F#G#A# C# D# F# G# A# C# D# F# G# A# C#D# F#G#A# ABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABCDEFGABC 220 Hz middle C

Answered: 1 week ago

Question

★★★★★

this is NOT included in the principles for digital transformation in Microsoft: Microsoft's business model has expanded dramatically through its cloud and AI orientation; Microsoft shifted the...

Answered: 1 week ago

Question

★★★★★

8. Based on a strategy that is used at your workplace, find information that goes against this strategy.

Answered: 1 week ago

Question

★★★★★

1. Provide new information that contains more than 59 items, depending on the recipients capacity.

Answered: 1 week ago

Question

★★★★★

3. Give away need to know information and you will get back information that you find useful.

Answered: 1 week ago

Previous Question Next Question