Philippine Baptist S.B.C., Inc.

November 19, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1373-18 CERTIFICATE OF TAX EXEMPTION issued to PHILIPPINE BAPTIST S.B.C.,INC. 2715 Park Avenue, Pasay City TIN: 000-000-000-000 This certifies that the donation under the Deed of Donation dated June 08, 2017, executed by PHILIPPINE BAPTIST S.B.C.,INC. in favor of: Name of Donee TIN Address Church Strengthening Ministry, Inc. 000-000-000-000 CSM Bldg.,Pascor Drive, Brgy. Sto. Nio, Paraaque City covering the following property: Transfer Certificate of Title Area (sq.m.) Area Donated (sq.m.) Location 126395 1,905 1,905 Brgy. Ibayo, Paraaque City being a gift in favor of a religious corporation is exempt from the payment of the donor's tax pursuant to Section 101 (A) (3) 1 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. HEITAD Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code, provides that conveyances of realties not in connection with a sale, to trustees or other persons without consideration are not taxable. Accordingly, the Deed of Donation is likewise not subject to the documentary stamp tax prescribed under Section 196 of the Tax Code, as amended, but only to the documentary stamp tax of P15.00 2 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. aDSIHc Issued this 19th day of November, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (2) of the Tax Code of 1997 as amended by Republic Act 10963. 2. The old DST rate of P15.00 is used since the donation took place prior to the effectivity of RA No. 10963.