BIR Ruling [DA-142-97]

March 31, 1997 BIR RULING [DA-142-97] Antioch Community Christian Church Inc. Phase IV-D, Las Villas de Sto. Nio cor. Calculus & Botany Sts. Meycauayan, Bulacan Attention: Mr . Ros Odillen S . Lapuz President-Board of Trustees and Pastor Wilfredo Vidad Minister Gentlemen : This refers to your letter dated September 19, 1996 requesting a ruling to the effect that the donation of a parcel of land located at Bo. Perez, Meycauayan, Bulacan and covered by Transfer Certificate of Title No. T-122527 (M) of the Register of Deeds for the Province of Bulacan by Rev. Ellie Perez Formilleza in favor of the Antioch Community Christian Church, Inc. by virtue of a Deed of Donation executed on September 11, 1992 is exempt from donor's tax under Section 94 (a)(3) of the Tax Code, as amended. cdtech Documents submitted show that Antioch Community Christian Church, Inc. is a religious corporation established for the principal purpose of administering its temporalities. In reply, please be informed that inasmuch as the donee is a religious institution, the aforementioned donation is exempt from the payment of donor's tax pursuant to Section 94 (a) (3) of the Tax Code, as amended, subject to the condition that not more than 30% of said gift shall be used for administration purposes. Moreover, the aforesaid Deed of Donation is not subject to documentary stamp tax prescribed under Section 196 of the Tax Code, as amended but only to the documentary stamp tax of P15.00 imposed under Section 188 of the same Code. (BIR Ruling No. 011-94 dated January 10, 1994) Very truly yours, ALICIA L. TOMACRUZ Head Revenue Executive Assistant (Legal Service)