Exemption from the Payment of Donor's Tax
BIR Ruling No. 141-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 27, 1987
Full text
May 27, 1987 BIR RULING NO. 141-87 104 000-00 141-87 Gentlemen : This refers to your letter dated April 8, 1987 requesting exemption from the payment of donor's tax on the donation of Two Hundred Thousand Pesos (P200,000.00), you made in favor of the Missionary Sisters of the Immaculate Heart of Mary, Inc. by virtue of a Deed of Donation executed on April 1, 1987. It appears that the Missionary Sisters of the Immaculate Heart of Mary, Inc. is a religious corporation duly organized and existing under the laws of the Philippines. In reply, please be informed that inasmuch as the donee is a religious corporation, the aforementioned donation is exempt from the payment of donor's tax pursuant to Section 104 of the Tax Code, as amended, subject to the condition that not more than 30% of said gift shall be used by the donee for administration purposes. Very truly yours, (SGD.) EUFRACIO D. SANTOS Commissioner
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