BIR Ruling No. 585-2017

REPUBLIC OF THL PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

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Certificate of Tax Exemption No. 585-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that the donation under the Deed of Donation dated August 21, 20+7. executed by WILSON R. CAYAGO in favor of:

(CHURCH OF CHRIST) IGLESIA NI CRISTO Name of Donee TIN No. I, Central Avenue. New Era. Quczon Address City

covering the foilowing property:

Original Certificate of Title (OCT) Area (sq. m.) 2.808 Barangay Galicia, Mendez. Location Cavite

the back of the Transfer Certificate of Title (TCT) of the property because failure to comply bcing gift in favor of a religious corporation, is exempt from the payment of the donor's tax pursuant to Section 101 (A) (3) of the National Internal Revenue Code of 1997, as amended) 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 suci condition at with said condition shall subject the donation to donor's tax.

conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly. the Deed of Donation is likewise not subject to the Code of 1997, as amended. but only to the DST of P15.00 imposed undcr Section 188 of the documentary stamp tax (DST) prescribed under Section 196 of the Nationa! Internal Revenue Same Code. Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code. provides that Moreover. Section 185 of Regulations No. 26. otherwise known as the Reviscd

that the facts are different. then this Certificate shal: be considered null and void. documcnts 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 2 207

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LK-I-LMAT Commissioner of Internal Revenue CAESAR R. DULAY y 011680