2011 then each should donate P100,000.00 in 2012. 12. Tax credit for donor’s taxes paid in a foreign country 13. Exemptions of gifts from donor’s…

The question

2011 then each should donate P100,000.00 in 2012. 12. Tax credit for donor’s taxes paid in a foreign country 13. Exemptions of gifts from donor’s tax Exempted from donor’s taxation are gifts made: (2011 Bar Question)

1. A.for the use of the barangay.
2. B.in consideration of marriage.
3. C.to a school which is a stock corporation. 64 | P a g e 2010-2015 Taxation Law Bar Examinations
4. D.to a for-profit government corporation.

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