Donor's tax is a tax on the gratuitous disposition of property by a living donor.
1. Donor's tax is a tax on the gratuitous disposition of property by a living donor.
Answer:
TrueExplanation:
#CarryOnLearningAnswer:
true po sana po maka tulong po sa iyo po
Explanation:
i hope it's help
2. why did the government particularly the BIR revise the tax table for wage earners
Answer:
A progressive income tax system that imposes higher average and marginal rates on higher incomes is often used to achieve this purpose.
3. donor tax is an example of what taxes?
Answer:
donor task is a tax on a donation or gift
Answer:
Donor task is an example of taxes
4. Ano ang ibig sabihin ng donor's tax?
Answer:
buwis ng mga donor
Explanation:
5. BIR collects taxes from households, businesses and properties TRUE OR FALSE
Answer:
TrueExplanation:
HOPE IT HELPS #caryonlearning6. give me the requisites of the nation for purposes the donor tax.
Answer:
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.What are the requisites of donation?What are the requisites of donation?Donor must have Capacity to make the donation.He must have donative Intent (animus donandi)There must be Delivery.Donee must Accept or consent to the donation during the lifetime of the donor and of the donee in case of donation inter vivos (Art.7. bir 2019 tax campaign poster
Answer:
# keep on learning about tax
8. Donations inter-vivos are subject to transfer tax at the point of death of the donor.
Answer:
Under Section 91 of the Tax Code, donations inter vivos are subject to donor's taxes while donations mortis cause are subject to estate taxes under Section 77 of the same Code.
hope i helped, and paki brainliest po
( sorry for my bad spelling )
9. Which of the following statements is false? Transfer tax is a. Imposed upon gratuitous transfer of property b. Of two kinds estate tax and donors tax c. Classified as national tax d. None of the above
Answer:
C. Classified as national tax
Explanation:
There are four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise and documentary stamp taxes, all of which are administered by the Bureau of Internal Revenue (BIR).
10. ito ay tax para sa revenue generation?a. donors taxb. estate taxc. sales taxd. inheritance tax
Answer:
C. SALES TAXExplanation:
➡️SALES TAXA SALES TAX IS A CONSUMPTION TAX IMPOSED BY THE GOVERNMENT ON THE SALE OF GOODS AND SERVICES. A CONVENTIONAL SALES TAX IS LEVIED AT THE POINT OF SALE, COLLECTED BY THE RETAILER, AND PASSED ON TO THE GOVERNMENT.➡️INCOME TAX THE TERM INCOME TAX REFERS TO A TYPE OF TAX THAT GOVERNMENTS IMPOSED ON INCOME GENERATED BY BUSINESSES AND INDIVIDUALS WITHIN THEIR JURISDICTION.11. BIR 2021 tax campaign
Answer:
“Sama-Sama sa Hamon ng Panahon: Buwis Ko, Para
sa Pilipino”
Explanation:
12. Cumulative basis of computation of donor's tax implies that gift splitting is prohibited and is a form of tax evasion
DONOR'S TAXThe gratuitous transfer of property between two or more live individuals is subject to the donor's tax, which is a tax on a donation or gift.PAYOR
In the Philippines, the giver, not the donor, is responsible for paying the donor's tax. According to the Bureau of Internal Revenue, the promise in the deed of donation that the donee or recipient of the property will be the one to pay the donor's tax is not legally obligatory (BIR).
CUMULATIVE BASISTypically, the "cumulative basis" is used to compute taxes. This implies that starting on January 1 of that year, all earnings and tax credits are added up on each pay day. This will guarantee that you pay the appropriate amount of tax and that you benefit from all of your tax credits.
GIFT SPLITTINGMarried couples who wish to increase their yearly gift tax exclusion level may gift divide the value of a present between them. When someone who has received assistance in the form of a financial gift wishes to avoid the gift tax assessed by the BIR, they often do this.
Legality of gift splitting: In general, gift splitting is not permitted if the non-donor spouse gets the gift or benefits from it, or if the non-donor spouse is given wide appointment authority over the gifted assets.Tax Avoidance: Splitting gifts, simulating transactions, making donations to foundations, establishing irrevocable trusts, using reduced creditable withholding taxes, establishing joint ventures, and transferring property to corporations are all examples of tax avoidance strategies.Tax Avoidance
https://brainly.ph/question/24852339
#SPJ1
13. What are the different taxes collected by the BIR and Bureau of Customs, explain, briefly.
Answer: They say only two things are certain in life: Death and taxes. Quite ironically, we won’t live if we don’t pay our taxes—it’s just part of how society functions.
1. Estate Tax
Estate tax is charged to your estate or properties when the titleholder meets their demise. At a rate of 6%, the heir apparent or the rightful beneficiary of the estate should settle this tax before transferring the title to the heir or beneficiary’s name.
2. Documentary Stamp Tax
This refers to the tax imposed on contracts, loan agreements, certificates, and other legal papers that serve as proof of transfer/sale of an ownership/obligation of a property or assets.
3. Percentage Tax
Percentage tax is a business tax imposed on merchants or businesses that lease/sell products, services, and properties. They are not VAT-registered, with a yearly gross sale at a maximum of P750,000.
4. Capital Gains Tax
Capital Gains tax refers to what an individual or a business pays upon making profits out of selling a valuable asset. These sold assets subjected to capital gains are pieces of jewelry, stocks, properties, and other goods appraised with high value.
5. Income Tax
This refers to the tax that is imposed on an individual’s earnings, be it salary or profits, from his/her profession, business, trade, or properties at rates ranging from 5% to 32% depending on their income bracket.
Explanation: pa-brainliest
-ctto
Answer:
sana makatulong yang nasa picture
14. Which of the following renunciations shall not be subject to donor's tax?
Answer:
The revenue regulations clarified that a general renunciation by an heir of his/her share in the inheritance is not subject to donor's tax unless specifically and categorically done in favor of identified heir or heirs to the exclusion of the other co-heirs in the hereditary estate
Where's the chooses or the sentence?
15. In donor's tax, the exemption is p250,000 while in estate tax, the exemption is p100,000.
(❁´◡`❁)
[tex] \color {cyan} \rule {1pt} {100000pt} [/tex]
16. which is local tax ? a. donor's tax b. professional tax c. documentary stamp tax d. excise tax
Answer:
C:ducomentary stamp tax
Explanation:
NO NEED EXPLANATION THANK ME LATER
17. when shall the estate tax and donor tax be paid explain
Answer:
The estate tax shall be paid at the time the return is filed by the executor, administrator or the heirs. The Commissioner may grant extension of time not exceeding five (5) or two (2) years depending on whether the estate was settled judicially or extrajudicially
18. The excise tax on sugar sweetened beverage is a new tax which the bir can impose with the passage of the train law
Answer:
The Tax Reform for Acceleration and Inclusion Law (TRAIN Law), officially designated as Republic Act No. 10963, is the initial package of the Comprehensive Tax Reform Program (CTRP) signed into law by President Rodrigo Duterte on December 19, 2017.[1] The TRAIN Act is the first of four packages of tax reforms to the National Internal Revenue Code of 1997, or the Tax Code, as amended.[2] This package introduced changes in personal income tax (PIT),[3] estate tax, donor's tax, value added tax (VAT), documentary stamp tax (DST) and the excise tax of tobacco products, petroleum products, mineral products, automobiles, sweetened beverages, and cosmetic procedures.[4]
Explanation:
Pa brainliest po
19. distinguish tax base under the donor tax and estate tax. explain
Answer:
merry Christmas
Explanation:
happy new year
Answer:
salamat shö0pee
salamat laZada
20. ano ang ibig sabihin ng donors tax?
Answer:
buwis ng mga donor
Explanation:
Answer:
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.
Explanation:
21. The donors tax return shall contain the following except
Answer:
Picture po sa activity sa module po
Salamat po
Explanation:
Don't worry I'll edit my answer
22. A donation on which the donor's tax is not paid is a valid donation.
Answer:
The ____ is based on and directly supports the mission, vision, and direction of the organization and sets the strategic direction, scope, and tone for all security efforts.
Explanation:
23. give one kind of tax in BIR regulation
Answer:
Withholding Tax on Compensation is the tax withheld from individuals receiving purely compensation income. Expanded Withholding Tax is a kind of withholding tax which is prescribed only for certain payors and is creditable against the income tax due of the payee for the taxable quarter yearr.
24. The comprehensive tax situs factors for donor's tax purposes
Answer:
Cooper is measuring ingredients for his special dessert. He needs a total of 70.4 mL of milk and melted butter. The recipe calls for 30.6 mL of butter. How much milk, m, does Cooper need for his recipe?
2.3 mL
39.8 mL
40.2 mL
101 mL
Step-by-step explanation:
25. bir salary tax bracket
Is this the old or the new bir salary tax?
26. The donor's tax to strangers increases as the net gift increases.
Answer:
The donor's tax rate to strangers increases as the net gift increases 3. Donation between juridical person is not qualified to P250,000 gift exemption 4. The gift of real property may be measured at independent appraisal value 5. ... The gift to non-residents is exempt from donor's tax 9.Explanation:
#CARRY ON LEARNING ❤️❤️❤️27. Which of the following information shall be set forth in the donor's tax return?
Answer:
ambulatory peritoneal dialysis correctly at home. which educational information
Explanation:
sorry not sorry
#BTS BIOT
28. ano ang ibig sabihn ng donor's tax?
Answer:
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.
Explanation:
29. The donor's tax rate to relatives is a progressive tax.
Answer:
Tax rate is either a progressive rate of 2%-15% or 30%
Step-by-step explanation:
Donations to relatives are taxed at 2% – 15%, each and every donation aggrgated, and allowed deductions for dowry, diminutions, and encumbrances to a certain extent.
30. which is local tax ? a. donor's tax b. professional tax c. documentary stamp tax d. excise tax
Answer:
b
Explanation:
sana po makatulong ako
