BIR Ruling No. 719-2019

BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. 0719-2019

CERTIFICATE OF TAXEXEMPTION

issued to

LA MAR REALTY AND DEVELOPERS,INC. Lark cor. Flamingo Sts., New Marikina Subd Sta.Elena,Marikina City 1806 TIN:

2013.executed by LA MAR REALTY AND DEVELOPERS,INC.in favor of This certifies that donation under the Deed of Donationdated December 27,

City Government of Name of Donee Marikina TIN Sta. Elena, Shoe Avenue. Marikina City Address

covering the following properties;

Certificate of Title Transfer Declaration No. Tax 1,330.10 517.84 195.67 180.60 93.30 12.13 Area 613 (m 834 97 15 15 Area Donated 1,330.10 517.84 180.60 93.30 195.67 12.13 834 613 (m 9 15 15 Apitong, Marikina Heights. Magsaysay, Brgy. Parang. Magsaysay, Brgy. Parang. Apitong,Marikina Heights Apitong,Marikina Heights Apitong,Marikina Heights Magsaysay, Brgy. Parang. Magsaysay, Brgy. Parang. Apitong, Marikina Heights. Apitong,Marikina Heights Magsaysay, Brgy. Parang. Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Marikina City Location

being a donation in favor of a political subdivision of the Government, is exempt from the payment of the donor's tax pursuant to Section 10l(A)2 of the Tax Code of 1997.as amended.

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Now Section 101(A)(1) of the Tax Code of 1997, as amended by RepublicAct No.10963 F

071 9 - 20 19 DEC 0 2 2019

stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but only to the documentary stamp tax of P15.002 imposed under Section 188 of the same Revised Documentary Stamp Tax Regulations, implementing Tlitle VII of the Tax Code of the 1997, as amended, provides that conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly, the Deeds of Donation are likewise not subject jo the documentary Code. Moreover, Section 185 of Regulations No. 26, otherwise known as the

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 ofDEC D 2 2019

AC Nc

K-IJAC Commissioner of Internal Revenue CAESAR R. DULAY 030.6.9 2

2 The old DST rate of P15.00 is used since the donation took place prior to the effectisfity of R.A. No. 10963.

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