BIR Ruling No. 377-2018

REPUBLIC OF THE PHILIPPINES

Ix BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

fpp Certificate of Tax Exemption No.

377-2018

CERTIFICATE OF TAXEXEMPTON

issued to

w SOLID LAND DEVELOPMENT CO., INC.

910 Reina Regente, Binondo, Manila 1006 TIN:

Henry Te, in favor of: 2014, executed by SOLID LAND DEVELOPMENT CO., INC., represented by Mr. This certifies that donation under the Deed of Donation dated October 28,

Phil. Song Te Temple Name of Donee Incorporated TIN Binondo Manila 1006 910 Reina Regente. Address

covering the following property:

Certificate of Title Transfer (sq.m.) Area Area Donated (sq.m.) Reina Regente-Alvarado, Binondo, Manila 1006 Location

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

Revised Documentary Stamp Tax Regulations, implementing Titie 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. stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but only to the documentary starnp tax of P15.00 imposed under Section 188 of the same Accordingly, the Deeds of Donation are likewise not subject to the documentary 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 PAk 08 2018

aA

Commissioner of Internal Revenue CAESAR R. DULAY

K-I-JAC 014207