Bagong Pag-Asa ng Taguig Homeowners Association, Inc.

September 27, 2019 CERTIFICATE OF TAX EXEMPTION NO. 544-19 CERTIFICATE OF TAX EXEMPTION issued to BAGONG PAG-ASA NG TAGUIG HOMEOWNERS ASSOCIATION, INC. Multi-Purpose Center, BPTHAI, Interior F. Manalo St., Calzada Tipas, Taguig City TIN: 000-000-000-000 This certifies that the Deed of Donation dated October 21, 2015 executed by the BAGONG PAG-ASA NG TAGUIG HOMEOWNERS ASSOCIATION, INC. in favor of: Name of Donee TIN Address CITY OF TAGUIG 000-000-000-000 Taguig City Hall, Gen. Antonio Luna St., Brgy. Tuktukan, Taguig City covering the following properties described below, to wit: Transfer Certificate of Title No. Area (sq.m.) Area Donated (sq.m.) Location 29929 440 440 Brgy. Calzada (Palingon) Taguig City 29930 61 61 Brgy. Calzada (Palingon) Taguig City 29931 62 62 Brgy. Calzada (Palingon) Taguig City 29932 65 65 Brgy. Calzada (Palingon) Taguig City 29933 62 62 Brgy. Calzada (Palingon) Taguig City 29934 61 61 Brgy. Calzada (Palingon) Taguig City 29935 74 74 Brgy. Calzada (Palingon) Taguig City 29936 79 79 Brgy. Calzada (Palingon) Taguig City 29937 62 62 Brgy. Calzada (Palingon) Taguig City 29938 84 84 Brgy. Calzada (Palingon) Taguig City 29939 1,961 1,961 Brgy. Calzada (Palingon) Taguig City 29940 1,100 1,100 Brgy. Calzada (Palingon) Taguig City 20041 1,487 1,487 Brgy. Calzada (Palingon) Taguig City 29942 630 630 Brgy. Calzada (Palingon) Taguig City being a gift in favor of a political subdivision of the government , is exempt from the payment of the donor's tax pursuant to Section 101 (A) (2) 1 of the Tax Code of 1997, as amended. 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 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 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. Issued this 27th day of September, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (1) of the 1997 Tax Code, as amended by R.A. No. 10963. 2. The old DST rate of P15.00 is used since the donation took place prior to the effectivity of R.A. No. 10963.