Section 99National Internal Revenue Code of 1997 (Republic Act No. 8424), Sec. 99

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:

OverBut Not OverThe Tax shall bePlusOf the Excess Over

P 100,000Exempt

P 100,000200,00002% P100,000

200,000500,0002,0004% 200,000

500,0001,000,00014,0006% 500,000

1,000,0003,000,00044,0008% 1,000,000

3,000,0005,000,000204,00010% 3,000,000

5,000,00010,000,000404,00012% 5,000,000

10,000,0001,004,00015% 10,000,000

(B) Tax Payable by Donor if Donee is a Stranger. - When the donee or beneficiary is stranger, the tax payable by the donor shall be thirty percent (30%) of the net gifts. For the purpose of this tax, a 'stranger,' is a person who is not a:

(1) Brother, sister (whether by whole or half-blood), spouse, ancestor and lineal descendant; or

(2) Relative by consanguinity in the collateral line within the fourth degree of relationship.

(C) Any contribution in cash or in kind to any candidate, political party or coalition of parties for campaign purposes shall be governed by the Election Code, as amended.