International Rice Research Institute

August 18, 2020 CERTIFICATE OF TAX EXEMPTION NO. DT-456-20 CERTIFICATE OF TAX EXEMPTION issued to INTERNATIONAL RICE RESEARCH INSTITUTE 10/F Suite 1009, Security Bank Center, 6776 Ayala Avenue, Makati City TIN: _________________ This certifies that the Deeds of Donation executed on August 8, 2014 and October 17, 2013, by INTERNATIONAL RICE RESEARCH INSTITUTE in favor of: Name of Donee TIN Address University of the Philippines System Admin UPLB Administration Bldg. College, Los Baos, Laguna 4031 covering the following Motor Vehicles described below, to wit: Make & Type Motor No. Chassis No. Plate No. CR No. OR No. Body No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. being gifts in favor of the University of the Philippines System Admin, an educational institution, are 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, 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. However, the acknowledgements of the Deeds of Donation before a notary public are subject 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 18th day of August, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Renumbered by Republic Act No. 10963 or TRAIN Law. 2. The old DST rate of P15.00 was used since the donation took place prior to the effectivity of R.A. No. 10963.