BIR Ruling No. 299-12

May 3, 2012 BIR RULING NO. 299-12 Sec. 101 (A) (2) of the Tax Code of 1997; BIR Ruling No. 144-10 Philippine Volunteer Service Coordinating Agency 2F NEDA Complex EDSA, Diliman Quezon City Attention: Joselito C. de Vera Executive Director Gentlemen : This refers to your letter dated November 28, 2011 requesting exemption from the payment of donor's tax on the donation of one (1) unit of Hyundai Starex by the Government of the Republic of Korea, through the Korea International Cooperation Agency (KOICA) to the Philippine National Volunteer Service Coordinating Agency of the Philippines, described as follows: Engine No. : D4BH4005754 Chassis No. : KMJWWH7HP4U627179 Specification : Handle Position-LHD 2.5 L Turbo Intercooler Manual Transmission 12 seaters Color : Noble White In reply, please be informed that inasmuch as the donee is an agency under the National Economic and Development Authority, the aforesaid donation is exempt from the payment of donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997, as amended. Moreover, the Deed of Donation is not subject to documentary stamp tax. However, the acknowledgment on said deed is subject to the documentary stamp tax of P15.00 imposed under Section 188 of the Tax Code of 1997, as amended. (BIR Ruling No. 144-10 dated December 13, 2010) This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation it will be disclosed that the facts are different, then this ruling shall be considered null and void. aETAHD Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue