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October 1, 2018ITAD BIR RULING NO. 087-18Sec. 101 of the NIRC of 1997, as amended;Sec. 8 of Revenue Regulations No. 25-2003Australian EmbassyLevel 23-Tower 2, RCBC Plaza6819 Ayala Avenue1200 Makati CityAttention: AAA_______________Gentlemen :This refers to your Note No. 429/17 dated 22 September 2017 indorsed by the Department of Foreign Affairs and Department of Finance reflecting the donation of two (2) tax-exempt, locally purchased motor vehicles, specifically described as follows: ICcDaA QuantityYear/Make/ModelOEV Plate No.Engine No.Chassis No.12009268374D56UCBT4680MMBGNKH409F01558012012278904D56AAF6919PAEL35MYCCB009979 Documents show that the Government of Australia (Donor), represented by the Counsellor for Governance and Humanitarian Section, Department of Foreign Affairs and Trade (DFAT), Australian Embassy, BBB, in recognition of the partnership between the Provincial Government of Misamis Occidental (PGMOC) and the Provincial Road Management Facility (PRMF), DFAT, executed a Deed of Donation in favor of PGMOC (Donee), represented by Governor Herminia Ramiro, over the above-described motor vehicles; and that PGMOC accepted the donation.In reply, please be informed as follows:Section 98 of the National Internal Revenue Code (NIRC) of 1997, as amended, provides that transfers by gift of property, real or...