How to Compute Donors Tax (TRAIN Law)

This video talks about what donor's tax is, the concepts related to it and the process of filing such tax.

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Donor’s Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer. It shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect and whether the property is real or personal, tangible or intangible.

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Related Videos:
Estate Tax - https://tinyurl.com/y7nmjh7y
Charitable Donation & Other Contributions - https://tinyurl.com/y8pzqgjg

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References:
Revenue Regulations No. 12-2018 - https://tinyurl.com/ybjuw4lb
Revenue Memorandum Order No. 12-2020 - https://tinyurl.com/tznuy6j
BIR Form 1800 - https://tinyurl.com/y7uyqksg

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