July 3, 2020
CERTIFICATE OF TAX EXEMPTION NO. OT-366-20
CERTIFICATE OF TAX EXEMPTION
issued to
Name of Donor | TIN | Address |
AAA | 000-000-000-000 | _____________________ |
This certifies that the donation under the Deed of Donation dated July 10, 2019, executed by donor in favor of:
Name of Donee | TIN | Address |
THE ROMAN CATHOLIC BISHOP OF KALOOKAN | 000-000-000-000 | San Roque Cathedral Compound, A. Mabini St., Caloocan City 1400 |
covering the following property:
Transfer Certificate of Title No. | Area (sq.m.) | Area Donated (sq.m.) | Location |
007-2015001406 | 898 | 898 | Barrio of Potrero, City of Malabon, Province of Metro Manila, Island of Luzon |
being a gift in favor of a religious corporation 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, subject to the condition that not more than thirty percent (30%) of said gift shall be used by the donee for administration purposes. HTcADC
Moreover, the Deed of Donation is not subject to the documentary stamp tax prescribed under Section 196 of the Tax Code, as amended, but only to the documentary stamp tax imposed under Section 188 of the Tax Code of 1997, as amended by...
