BIR Ruling No. 420-2020

0 REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

1 BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. DT-0420-2020

CERTIFICATE OF.TAX EXEMPTON

issued to

BRGY.SINAMAY,ALIMODIAN,ILOILO Brgy. Sinamay, Alimodian, Iloilo TIN:

2010, executed by BRGY.CHAIRMAN ELIAS A. ANDOLOY' in favor of: This certifies that the donation under the Deed of Donation dated October 20.

Sinamay National High Name of Donee School TIN Brgy. Sinamay, Alimodan, Address Iloilo

covering the following property;

Certificate of Title Transfer (sq.m.) Area Area Donated (sq.m.) Alimodan, Iloilo Brgy. Sinamay, Location

being a donation in favor of an educational institution, is exempt from the payment of the donor's tax pursuant to Section 101 (A)(2)3 of the Tax Code of 1997, as amended.

stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but only to the documentary stamp tax of P15.004 imposed under Section 188 of the same Code. Moreover, the Deed of Donation is likewise not subject to the documentary

documents as represented and submitted.However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of JUL 2 4 2020

Maesau

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY Q 035795

2 Transfer Certificate of Title is still in the name of the previous owner, Raquel S. Andoloy. The Deed of Absolute Sale dated May 13, 2009, between Raquel Andoloy and Elias Andoloy is subject to CGT and DST prescribed 4 The old DST rate of 15.00 is used since the donation took place prior to the effectivity of R.A. No. 10693. under Sections 24D, 188 and 196, respectively, of the National Internal Revenue Code of 1997, as amended. Now Section 101(A)(1) of the 1997 Tax Code, as amended by R.A.No. 10963 or TRAIN Law. Per Resolution No. 2010-13