Summary
RR No. 17-2018 amends Section 13 of Revenue Regulations No. 12-2018 on the valuation of gifts made in property.
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Key points
- New Section 13. Gifts in the form of property are valued under the rules in Section 5 of the regulations. The reckoning point for valuation is the date when the donation is made.
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.