Exemption from Donor's Gift Tax
BIR Ruling No. 102-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 7, 1979
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December 7, 1979 BIR RULING NO. 102-79 Exemption from donor's gift tax In reply to your letter dated October 30, 1979, I have the honor to inform you that your proposed donation to the Caloocan city government of the subdivision roads existing within your subdivision, is exempt from donor's gift tax, pursuant to Section 123(a)(2) of the Tax Code of 1977, as amended. cdtech
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