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Herman Cain Don't Read

224
jaunte11/17/2011 8:23:58 pm PST

re: #190 laZardo

It looks like she might be in the clear with the Philippines tax people as long as the total is under P50,000:

“Sec. 92 Rates of tax payable by donor. — (a) In general. — The tax for each calendar year shall be computed on the basis of the total net gifts made during the calendar year in accordance with the following schedule:
“If the net gift is:

“Over But Not The Tax Plus Of Excess
Over Shall be Over

— P50,000 Exempt — —

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