Garcia

January 24, 2018 CERTIFICATE OF TAX EXEMPTION NO. 062-18 CERTIFICATE OF TAX EXEMPTION issued to Names of Donors TIN Address AAA 000-000-000-000 _________________________ BBB 000-000-000-000 _________________________ CCC 000-000-000-000 _________________________ This certifies that donation under the Deed of Donation dated January 28, 2015, executed by AAA, BBB and CCC in favor of: Name of Donee TIN Address Davao Mission of Seventh-Day Adventist Church, Inc. 000-000-000-000 No. 5 Palm Drive, Bajada, Davao City covering the following property; Transfer Certificates of Title Area (sq.m.) Area Donated (sq.m.) Location T-146-2014003168 259 259 Davao City T-146-2014003169 97 97 Davao City T-146-2014003166 92 46 Davao City T-146-2014003170 246 123 Davao City T-142-2014011378 Lot 1 Lot 3 5,117 3,509 5,117 (lot 1) Quezon, Panabo City being gifts in favor of a religious corporation is exempt from the payment of the donor's tax pursuant to Section 101 (A) (3) of the Tax Code of 1997, as amended, subject to the condition that not more than thirty percent (30%) of said gift shall be used by the donee for administration purposes. The Register of Deeds shall annotate such condition at the back of the Transfer Certificates of Title because failure to comply with said condition shall subject the donation to donor's tax. Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code of 1997, as amended, provides that conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly, the Deeds of Donation are likewise not subject to the documentary stamp tax prescribed under Section 196 of the Tax Code of 1997, as amended, but only to the documentary stamp tax of P15.00 imposed under Section 188 of the same Code. This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. Issued this 24th day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue