BIR Ruling No. 456-2019

T BUREAU OF INTERNAL REVENUE KEPUBLI OY THE PHILIPPINES DHARTHENT O FINANCI Quezon City

Certificate of Tax Exemption No. 0456-201S

CERTIFICATE OF TAXEXEMPTION

issued to

PROPERTY COMPANY OF FRIENDS, INC 55 Tinio St.. Additional Hills. Mandaluyong City 1550 TIN:

executed by: PROPERTY COMPANY OF FRIENDS. INC. in favor of: This certifies that donation under the Deed of Donation dated June 14. 2017.

MUNICIPALITY OH Name of Donee LAMBUNAO TIN Lambunao. Hloils 042 Address

covering the following property:

Original Certificate of Title 125.140 (sq.m. Area Area Donated 125.140 (sg.m.) Brgy. Tampucao. Lambunao. Ioilo Location e being a donation in favor of a political subdivision of the Government, is exempt of 1997. as amended. from the payment of the donor's tax pursuant to Section 10l (A)(2)' of the Tax Code

Accordingly. the Deeds of Donation are likewise not subject to the documentary 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 Code. 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 with a sale. to trustees or other persons without consideration are not taxable. 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 of_AUG 2 3 2019

MEXcM

h-I-JA( Commissioner of Internal Revenue CAESAR R. DULAY 028092

The old Dst rate of P15.00 (> used snce the donatiot. took pluce prior t the etfectivits of R.A. No. H0963 V.Section 10{ ( N. I+o: ths Ias : os- of 1997. us amended h: Repubtic Act No. 10963