BIR Ruling No. 160-83

September 14, 1983 BIR RULING NO. 160-83 Gentlemen : This refers to your letter dated July 29, 1983, requesting exemption from donor's tax of the proposed donations of two Ford Sedans '83 as raffle prizes in favor of Doa Josefa Edralin Marcos Foundation, Inc. In reply, I have the honor to inform you that since the donee is a non-profit and non-stock charitable corporation, paying no dividends governed by trustees who receive no compensation, and devoting all its income to the accomplishment and promotion of the purposes enumerated in its articles of incorporation, the aforementioned donation is exempt from the payment of donor's tax, pursuant to Section 123(a)(3) of the Tax Code, as amended. Please note, however, that pursuant to Section 53(b) in relation to Section 21(c) of the Tax Code, as amended by B.P. Blg. 135, you are required to withhold the 15% final withholding tax due on the raffle prize awarded to the winner. cdtech Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue