Exemption from the Payment of Donor's Tax
BIR Ruling No. 217-89 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 18, 1989
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October 18, 1989 BIR RULING NO. 217-89 104 141-87 217-89 Gentlemen : This refers to your letter dated July 11, 1989 requesting exemption from the payment of donor's tax on donation of Three Hundred Thousand Pesos (P300,000.00), you made in favor of the Missionary Sisters of the Immaculate Heart of Mary, Inc. by virtue of a Deed of Donation executed on June 27, 1989. 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 94 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. cdtech Very truly yours, (SGD.) JOSE U. ONG Commissioner
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