LAW 101: Donor’s Tax Rates

In case you're feeling generous, here are the need-to-know tax rates:

Effective January 1, 1998:
Maximum of P100,000.00 = exempt

Over 100,000.00 & up to 200,000.00 = 2% of the excess over 100,000.00

Over 200,000.00 & up to 500,000.00 = P2,000.00 + 4% of the excess over 200,000.00

Over 500,000.00 & up to 1,000,000.00 = 14,000.00 + 6% of the excess over 500,000.00

Over 1,000,000.00 & up to 3,000,000.00 = 44,000.00 + 8% of the excess over 1,000,000.00

Over 3,000,000.00 & up to 5,000,000.00 = 204,000.00 + 10% of the excess over 3,000,000.00

Over 5,000,000.00 & up to 10,000,000.00 = 404,000.00 + 12% of the excess over 5,000,000.00

Over 10,000,000.00 = 1,004,000.00 + 15%

Source:
Sec. 99, R.A. 8424, “The National Internal Revenue Code Of The Philippines” (1997).