AAA

March 8, 2018 CERTIFICATE OF TAX EXEMPTION NO. 373-18 CERTIFICATE OF TAX EXEMPTION issued to AAA ______________________ TIN: 000-000-000-000 This certifies that donation under the Deed of Donation dated September 23, 2016, executed by AAA in favor of: Name of Donee TIN Address Cebu City Government 000-000-000-000 City Hall, Cebu City covering the following property: Transfer Certificate of Title Area (sq.m.) Area Donated (sq.m.) Location 107-2012000250 739 239 St. Michael Subdivision, Brgy. Kasambagan, Cebu City being a donation in favor of a Local Government Unit is exempt from the payment of the donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997, as amended. CAIHTE Moreover, Section 185 of Regulations No. 26, otherwise known as the Revised Documentary Stamp Tax Regulations, implementing Title VII of the Tax Code of the 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 Deed of Donation is 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 8th day of March, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue