DONORS TAX

1. Yes/No. Madz went to Bersabaren Resort and was given a prize of 50,000 by the
resort for being its 1,000th guest. Is the prize subject to donors tax?
2. The following are the requisites of a donation for purpose of the donors tax
except:
a. capacity of the donor
b. capacity of the done
c. delivery of the subject matter or gift
d. donative intent
3. One of the following is a valid donation
a. Oral donation of a cellular phone worth P4,500.
b. Oral donation of a passenger jeepney worth P150,000.
c. A parcel of land worth 5,000 in a private document.
d. A parcel of land worth 500,000 in a private document.
4. Antonio wrote a letter to Lamont on December 31, 2015 donating his car worth
P350,000. The letter was received by the latter on January 7, 2016 who accepted
the donation. The letter of acceptance was received only by Warren on January 15,
2016. The donors tax was not paid until May 22, 2016. The donation was
consummated on
a. December 31, 2015
b. January 7, 2016

c. January 15, 2016

d. May 22, 2016
5. On August 18, 2015, Elizabeth loaned to her sister Martha P200,000 at an interest
of 12% per annum payable one year thereafter. One month before the debt
becomes due, Marthas husband died. Consequently, Elizabeth informed her sister
that she is condoning the loan including the interest. How much is the value of the
donation made by Elizabeth to Martha?
a. P200,000
b. P224,000
c. P222,000
d. None

6. Justin donated to his son on account of marriage on October 2014 as follows:

January 15, 2015 P 25,000
March 10, 2015
20,000
July 15, 2015
50,000
September 10, 2015
100,000
The donors tax due on September 10, 2015 donation is
a. P 780
b. 1,700
c. 1,380
d. Exempt
7. A non-stock, non-profit school always had cash flow problems, resulting in a
failure to recruit well-trained administrative personnel to effectively manage the
school. In 2015, Don Leon donated P100 million pesos to the school, provided
money shall be used solely for paying salaries, wages and benefits of administrative
personnel. The donation represents less than 10% of Don Leons taxable income for
the year. Is he subject to donors taxes?
a. No, since the donation in actually, directly, and exclusively used for
educational purposes.
b. Yes, because the donation is to be wholly used for administration purposes.
c. Yes, since he did not obtain the requisite NGO certification before he made
the donation.
d. No, because the donation does not exceed 10% of his taxable income for
2015.
Numbers 8-10 are based on the following information:
Marie donated the following properties:
Land in Los Angeles, California, USA
Land and Building in Jolo, Sulu
Car registered in the State of California, USA Jewelries in the Philippines
Shares of Stock in a Corporation based in USA
Accounts Receivables, debtor in the Philippines

P 250,000
175,000
225,000
45,000
60,000
25,000

8. If Annie is a resident citizen, the gross gift is _____________________.

9. The gross gift of Annie if she is a nonresident alien without reciprocity is
_____________________.
10. The gross gift if Annie is a nonresident alien with reciprocity is
_____________________.
11. When Alcalas son, Richard, was married to his childhood sweetheart, Emma,
Alcala gave as a wedding gift a residential house worth P1,500,000 to his son, and a
brand new car to Emma with a value of P700,000. At the time of the donation, the
residential house was mortgaged with Metrobank for P200,000 which was assumed
by Richard. The donors tax payable by Richard is __________________ and payable by
Alcala is ___________________.
12. Dimaganti, single, donated the following properties on September 21, 2015.
VALUE
P
100,000

PROPERTY
Cash

DONEE
Dimalupig, brother, on account of marriage

Jewelries

Trexy, girlfriend residing in Japan

House & Lot

Parents, silver wedding anniversary gift

Cash

PICPA

Lot

Brgy. 3, for use as site of barangay hall

Car

Ugang, brother, donation is revocable

Cash

IRRI

Cash

Matatag, father of the father of his mother

Motorcycle

Nico, niece, donation is embodied in the will

200,000
1,500,000
20,000
75,000
300,000
50,000
100,000
70,000
The donors tax due on the September 21, 2015 donation is
a. P
66,000
b.
100,000
c.
166,000
d.
157,200o