Authority to Adopt a Computer-Based Accounting System
BIR Ruling No. 182-90 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 17, 1990
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September 17, 1990 BIR RULING NO. 182-90 94 (a) (3) 138-90 182-90 Gentlemen : This refers to your letter dated July 31, 1990 requesting in behalf of your client, The Roman Catholic Bishop of Bacolod, a ruling confirming your opinion that the donation by Kabankalan Sugar Co., Inc. of two (2) parcels of land situated at Barrio Camansi, Kabankalan, Negros Occidental and covered by TCT No. 55243 made in favor of your abovenamed client is exempt from donor's tax pursuant to Section 94 of the Tax Code, as amended. It appears that the donee is a religious corporation duly authorized and existing under the laws of the Philippines. In reply, I have the honor to inform you that since the donee is a religious corporation, the aforementioned donation is exempt from the payment of donor's gift tax pursuant to Section 94(a)(3) of the Tax Code, as amended. However, the exemption from donor's tax is subject to the condition that not more than 30% of the said gift shall be used by the donee for administration purposes. aisadc Very truly yours, (SGD.) JOSE U. ONG Commissioner
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