Donor's Tax

Donor’s Tax Train Tax Law 2019 in the Philippines

Donor tax is the tax on the transfer of gifts without consideration. These gifts might come from your parents, friends, loved ones or from your employer.  But how does the government make sure that these transactions are taxed? To regulate some malpractices and other forms of tax evasions in the Philippines, the government imposed a tax called “Donor’s tax”. Let's start to discuss what's new on our "donor's tax train law". (more…)