BIR Ruling No. 586-2017

REPUBLIC OF THE PHILIPPINES

DEPARTM!NT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No. 586-2017

CERTIFICATE OF TAX EXEMPTION

issued to

6th Floor, Federal Center Bldg., Muelle de Binondo. San Nicolas. Manila CIVIC FOUNDATION OF THE PHILIPPINES, INC. TIN:

January 12, 2017 executed by CIVIC FOUNDATION OF THE PHHLIPPINES, INC. in This certifies that the donation under the Deed of Donation and Acceptance dated

favor of:

FFCCCH FOUNDATION. Name of Donee INC. TIN 6 Flr., Federation Ctr. Bidg.. Muellc de Binondo St.. Brgy. 282. Zone 26, San Nicolas, Manila Address

covering the following properties:

Transfer Certificate of Title (TCT) Area (sq. m.) 614.10 760.80 San Nicolas District. Manila San Nicolas District, Manila Location

pursuant to Section 101 (A) (3) of the National Internal Revenue Code of 1997. as amended. being gifts in favor of a charitable corporation, is exempt from the paymcnt of the donor's tax subject to the condition that not more than thirty percent (30%) of the said gift shall be used by the donee for administration purposes. The Register of Deeds shall annotate such condition at the back of the TCTs of the properties because failure to comply with said condition shall subject the donation to donor's tax.

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

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 ascertains This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of DEC 1 3 2017

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K-I-LMAT Commissioner of Internal Revenuc CAESAR R. DULAY H 011704