Exemption from the Payment of Donor's Tax

November 21, 1990 BIR RULING NO. 213-90 94 (a) (3) 490-88 213-90 Gentlemen : This refers to your letter dated July 11, 1990 requesting exemption from the payment of donor's tax of the donation of two (2) parcels of land situated in San Jose del Monte, Bulacan covered by TCT Nos. T-120104M and T-120105M in favor of the Blessed Margaret Of Castello Foundation, Inc. by Mrs. Nora A. Alafriz by virtue of a Deed of Donation executed on June 28, 1990. aisadc It appears that the Blessed Margaret Of Castello Foundation, 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 94 (a)(3) 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. cdta Very truly yours, (SGD.) JOSE U. ONG Commissioner