UNIVERSITY OF THE PHILIPINES

COLLEGE OF LAW
Diliman, Quezon City

Syllabus on
DONOR’S TAX
Prof. Carlos G. Baniqued

I. MEANING OF “GIFT”
Revenue Regulations No. 2-2003, Dec. 16, 2002
Sec. 104, NIRC
Tuzon v. CA, 212 SCRA 739, 745 (1992)
Pirovano v. CIR, 14 SCRA 832 (1965)
Tang Ho v. Board of Tax Appeals, 97 Phil. 889
Commissioner v. Duberstein
363 U.S. 278
Old Colony Trust Co. v. Commissioner
279 U.S. 716, 730
Bogardus v. Commissioner
302 U.S. 34, 41, 43
Robertson v. U.S.
343 U.S. 711, 714
Commissioner v. Lo Bue
351 U.S. 243, 246
Starks v. Commissioner
25 TCM 676 (1966)

II. VALUATION OF GIFTS

Sec. 102, NIRC

III. TRANSFER FOR LESS THAN ADEQUATE CONSIDERATION

Sec. 100, NIRC
CIR v. B.F. Goodrich Phils., Inc. (now Sime Darby International Tire Co., Inc. and
the Court of Appeals, 303 SCRA 546 (1999)

IV. EXEMPT GIFTS

Sec. 101, NIRC
BIR Rul. No. 171-98, Dec. 3, 1998
BIR Rul. No. 56-99, April 23, 1999

V. FOREIGN TAX CREDIT

Sec. 101(C), NIRC
A. Per Country Limitation
B. Global Limitation

VI. ON WHOM IMPOSED

Sec. 98(A), NIRC
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VII. ADMINISTRATIVE
A. Tax Rates
Sec. 99, NIRC
B. Donor’s Tax Return
Sec. 103(A), NIRC
C. Payment of Donor’s Tax
Sec. 103(B), NIRC
D. Consequences of Non-Payment of Donor’s Tax
Sec. 248, NIRC
Sec. 249, NIRC
Sec. 95, NIRC
Sec. 97, NIRC