(Phil. CPA) Donor's tax as distinguished from estate tax.
A. Exemption is P100,000
B. There is no optional valuation date
C. Payment is made as the return is filed
D. Notice is not needed
Answer:A
(Phil. CPA) Donor's tax as distinguished from estate tax.
A. Exemption is P100,000 B. There is no optional valuation date C. Payment is made as the return is filed D. Notice is not needed