BIR Ruling No. 62-2018

REPUBLIC OF THE PHILIPPINES DEPARTIvTENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon Ci4, Certificate of Tax Exernption No. o5z-aorB CERTIFICATE O}- TAX EXEMPTIOFJ issued to Narnes of Donors Davao Mission of Seventh-Day' Adventist compound, No. 5 .lovita T. Garcia Palm Drive, Bajada, Davao Cit-r, Emiliano T. Garcia III Nlaria Dolores T. Garcia -fhis cedifies that donation under the Deed of Donatiorr dated Janr"rar1' 28. 2015. erecuted bItJOVITA T. GARCIA, EMII,IANO T. GARCIA III and MA. DOLORBS T. GARCIA irr laror of. Nanre of Donee TIN Address Davao Mission of Seventh-Day No. 5 Palrr.Drive, Bajada. Adventist Church.Inc. Davao City cor ering the follou, ing propertv: Transfer Certihcates of Area (sq.m.) Area Donated Title Davao City Davao Cify' Davao City Davao Citr,' QLrezon, Parrabo Citl' being gifls itr f-avor of a religioug corpolation is exempt fi"om the,paylnent of the dopor-'s tax pursuarrttoSection l0l (AX3)oftheTaxCodeof lggl.asarlencied,subjecttotheconclitiorr tltat rtot more tltan thirtl' percent (30%) of said gilt shall be used by the donee for adrninistration put'poses. The Register of Deeds shall annotate such condition at the back of the Trarrsfer Cerlificates of Title because failure to cornply rvith said conditiorr shall subject the donation to dorror's tax. Moreoter. Section 185 of Regulations No.26. otheru'ise known as tlre Revised Docutrentary'Stamp Tax RegLrlations. inrplementirrg Title VII of the Tax Code of the 1997- as atnended, provides that conveyances of realties not in coltnection with a sale, to trustees or- otlter persotrs r.vithout consideration are not taxable. Accordiugly, the Deeds of Donation are likervise not subject to the documentarl'stamp tax prescribed under Section 196 of the Tax Code of 1997. as amended. but only to the docurrentar] stamp tax of P15.00 imposed under Sectiorr IBB of tlre sanre Code. This Certificate of Tax Exemptiou is being issr-recl on the basis of the lacts ancl documettts as represellted and subnrifted. Flowever, if upon investigation, the BIR ascertaius thatthe facts are clifferent. then this Certificate shallbe consiciered nulland void. i Issued this da1'of ,,^l{ 2 4 2018 K- I -J,\C -/tCrA-EoS-A'R^R'/.UDUirL-AzY^1 ' Comnrissioner of Inte6r{ Etf,,d.f