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8. DONOR'S TAX
The donor’s tax was revised to a flat rate of 6% regardless of the relationship between the donor and the donee.
Previously, the donor’s tax was 2% to 15% if the donor and donee are related, and 30% if the donation was to a
stranger.
Donations or gifts below P250,000 are tax-exempt. Donations with value of at least P250,000 are taxed using the
new rate of 6% on the amount in excess of P250,000.
9. ESTATE TAX
Under TRAIN, the estate tax is now a flat 6% rate on the amount in excess of P5 million.
Estates with a net value of P5 million and below will be tax-exempt. Family homes that are valued at no more than
P10 million will also be exempted. Under current tax laws, only family homes worth P1 million are tax-exempt.