Exemption from the Payment of Documentary Stamp Taxes

October 27, 1981 BIR RULING NO. 206-81 222 000-00 206-81 Porcelana Mariwasa, Inc. P.O. Box AC 262 Quezon City Attention: Mr . Noboru Kuriyama Treasurer Gentlemen : In reply to your letter dated September 8, 1981, I have the honor to inform you that as a company registered with the Board of Investments on May 28, 1974 under Certificate of Registration No. 74-326 as a preferred pioneer in the production/manufacture of decorated porcelain dinnerwares, you are exempt from all internal revenue taxes except income tax, pursuant to the exempting provisions of Section 8(a) of . No. 5186, as incorporated in Article 46(a), Chapter II of P.D. No. 1789, otherwise known as the Omnibus Investments Code. Accordingly, you are still exempt from the payment of documentary stamp taxes in all your registered corporate transactions to the following extent: 1. Seventy-five per cent (75%) for the sixth through the eight years; 2. Fifty per cent (50%) for the ninth and tenth years; 3. Twenty per cent (20%) for the eleventh and twelfth years; and 4. Ten per cent (10%) for the thirteenth through the fifteenth year. cdtech Very truly yours, ROMULO M. VILLA Acting Commissioner