Brgy. Government of Libaylibay, Maco, Compostela Valley

October 17, 2019 CERTIFICATE OF TAX EXEMPTION NO. 658-19 CERTIFICATE OF TAX EXEMPTION issued to BRGY. GOVERNMENT OF LIBAYLIBAY, MACO, COMPOSTELA VALLEY Brgy. Libaylibay, Maco, Compostela Valley TIN: 000-000-000-000 This certifies that the Deed of Donation dated June 5, 2017 executed by the BRGY. GOVERNMENT OF LIBAYLIBAY, MACO, COMPOSTELA VALLEY in favor of: Name of Donee TIN Address LIBAYLIBAY NATIONAL HIGH SCHOOL 000-000-000-000 Brgy. Libaylibay, Maco, Compostela Valley covering the following property described below, to wit: Transfer Certificate of Title Area (sq.m.) Area Donated (sq.m.) Location T-130521 40,000 15,000 Brgy. Libaylibay, Maco, Compostela Valley being a gift in favor of an educational institution , 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 17th day of October, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Now Section 101 (A) (1) of the Tax Code of 1997, as amended by Republic Act 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.