Missionary Institute of Saint Therese of the Child Jesus, Inc.
BIR Ruling [DA-(DT-071) 774-09] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 14, 2009
Full text
December 14, 2009 BIR RULING [DA-(DT-071) 774-09] 101 (A) (2); DA-481-98 Missionary Institute of Saint Therese of the Child Jesus, Inc. Bo-ol District Tagbilaran City Attention: Sr. Montana Bersaluna and Sr. Lucia Mendez Gentlemen : This refers to the request of Mr. Antonio Bustrillos requesting exemption from the payment of donor's tax under Section 101 of the Tax Code of 1997. Documents submitted disclosed that a Deed of Donation was executed by and between Mr. Antonio D. Bustrillos (Donor) and the Missionary Institute of Saint Therese of the Child Jesus, Inc. dated December 18, 2007; that the donor is the registered owner of a certain parcel of land located in Tagbilaran City and which is more particularly described as follows: Transfer Certificate of Title No. 0-41 "A parcel of land (Lot No. 1097-0-2-A of the subdivision plan, Psd-___ being a portion of Lot 1097-0-2, Psd-07-069273) situated in the Dist. of Cogon, City of Tagbilaran, Island of Bohol, Bounded on the SW., along lines 4-1, 1-2, by Lot 1097-0-1, Psd-07-069273; on the NE., along lines 2-3, by Lot 1097-0-2-B of the subdivision; and on the SE., along lines 3-4, by Road Lot 7, Csd-07-02-000188. . . . containing an area of ONE THOUSAND FIVE HUNDRED (1,500.00) SQUARE METERS, more or less." that for and in consideration of the love and affection which the Donor have for the Donee, the said Donor transfers, conveys by way of Donation unto the said Donee, their heirs and assigns, the above-described real property. SIaHTD In reply, please be informed that inasmuch as the donee is a religious organization, the aforesaid donation is exempt from the payment of donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997. Moreover, the Deed of Donation executed for the purpose is not subject to the documentary stamp tax. However, the notarial acknowledgment on said deed is subject to the documentary stamp tax of P15.00 imposed under Section 188 of the Tax Code of 1997. (BIR Ruling No. DA-481-98 dated November 9, 1998) Very truly yours, Commissioner of Internal Revenue By: (SGD.) JAMES H. ROLDAN Assistant Commissioner Legal Service
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.