BIR Ruling No. 371-2018

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

TaT Certificate of Tax Exemption No.

371-2018

CERTIFICATE OF TAX EXEMPTION issued to

Ma. Lourdes S. Santos Ellen S. Cundangan Fortunata S. Salas Name of Donor TIN Bulakan, Bulacan Bulakan, Bulacan Bulakan, Bulacan Address

2017, executed by Ellen S. Cundangan, Ma. Lourdes S. Santos and Fortunata S. Salas in favor of: This certifies that donation under the Deed of Donation dated February 2.

Municipality of Bulakan Name of Donee TIN San Jose, Bulakan, Bulacan "Address

covering the following property;

Transfer Certificate of Title No. (sq.m.) Area Area Donated (sq.m.) Bulakan, Bulacan 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 101 (A)(3) of the Tax Code of 1997, as amended.

with a sale, to trustees or other persons without consideration are not taxable. stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code of the 1997, as amended, provides that conveyances of realties not in connection Accordingly, the Deeds of Donation are likewise not subject to the documentary only to the documentary stamp tax of P15.00 imposed under Section 188 of the same Code. Moreover, Section 185 of Regulations No. 26, otherwise known as the

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

Issued this day of MAR 0 8 2018

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K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY 014147

'Registered under the name of Rormeo Santos, married to Mercedes Santos, and Marina and Vicente Francisco. The tax exemption certificate does not include exemption from estate tax which may be due, if any, on the subject property.