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    Avida Land - Donation Subject To VAT

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    john allen Marilla
    The document certifies that a donation of land from three corporations to a Catholic archbishop is exempt from donor's tax but subject to VAT. The donation involves several parcels of land totaling 30,000 square meters that were consolidated into two lots. The certificate is issued based on represented facts but may be void if facts are different upon investigation.

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    Avida Land - Donation Subject To VAT

    Uploaded by

    john allen Marilla
    623 views2 pages
    The document certifies that a donation of land from three corporations to a Catholic archbishop is exempt from donor's tax but subject to VAT. The donation involves several parcels of land totaling 30,000 square meters that were consolidated into two lots. The certificate is issued based on represented facts but may be void if facts are different upon investigation.

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    Avida Land_Donation Subject to VAT

    Original Title

    Avida Land_Donation Subject to VAT

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    The document certifies that a donation of land from three corporations to a Catholic archbishop is exempt from donor's tax but subject to VAT. The donation involves several parcels of land totaling 30,000 square meters that were consolidated into two lots. The certificate is issued based on represented facts but may be void if facts are different upon investigation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    623 views2 pages

    Avida Land - Donation Subject To VAT

    Uploaded by

    john allen Marilla
    The document certifies that a donation of land from three corporations to a Catholic archbishop is exempt from donor's tax but subject to VAT. The donation involves several parcels of land totaling 30,000 square meters that were consolidated into two lots. The certificate is issued based on represented facts but may be void if facts are different upon investigation.

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    © All Rights Reserved
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    of 2

    December 18, 2017

    CERTIFICATE OF TAX EXEMPTION NO. 621-17

    CERTIFICATE OF TAX EXEMPTION

    This certi es that the donation under the Deed of Donation dated June 25, 2008,
    as amended on June 15, 2011, executed by:

    Name o f Do no rs TIN Address


    AV IDA LAND CORPORATION 911 40th Street North,
    (Formerly: Laguna Properties 000-846-386-000 Bonifacio Triangle, Bonifacio
    Holdings, Inc.) Global City 1634, Taguig City
    Greenfield Corporate Center,
    88 United Street, Greenfield
    BALIBAGO LAND CORPORATION 000-438-220-000
    District, Mandaluyong City
    1550
    Greenfield Corporate Center,
    MAUNONG DE V E LOPME NT
    001-033-017-000 88 United Street, Mandaluyong
    CORPORATION
    City 1550

    in favor of:

    Name o f Do nee TIN Address


    ROMAN CATHOLIC San Lorenzo Street, Mataas na
    005-193-979-000
    ARCHBISHOP OF LIPA Lupa, Lipa City 4217

    covering the following properties:

    Transfer Area Aggregate Area Area Lo catio n


    Certificates (sq .m.) Do nated
    o f Title
    (TCTs)
    T-87330 20,000 30,000 square meters Lot 2 San
    T-87331 2,500 [Consolidated and subdivided into (20,817 Antonio,
    T-87332 2,500 two (2) parcels of land square Sto.
    T-87333 5,000 denominated as Lot 1 (9,183 meters, Tomas,
    square meters, more or less), and more or Batangas
    Lot 2 (20,817 square meters, more less)
    or less)]

    being a donation in favor of a religious organization, is exempt from the payment of the
    donor's tax pursuant to Section 101 (A) (3) of the National Internal Revenue Code of
    1997, as amended, subject to the condition that not more than thirty percent (30%) of
    said gifts shall be used by the donee for administration purposes.
    Since the donation involves parcels of land, the Register of Deeds shall annotate
    CD Technologies Asia, Inc. © 2019 cdasiaonline.com
    this condition at the back of the titles because failure to comply with the said condition
    shall subject the donation to donor's tax.
    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 Deed of Donation is likewise not
    subject to the documentary stamp tax prescribed under Section 196 of the National
    Internal Revenue Code of 1997, as amended, but only to the documentary stamp tax of
    P15.00 imposed under Section 188 of the same Code.
    However, the donation is subject to value-added tax (VAT) since the donors are
    VAT-registered real estate developers and the donated properties are deemed ordinary
    assets. Thus, the transfer is considered as "transaction deemed sale" pursuant to
    Section 106 (B) (1) of the National Internal Revenue Code of 1997, as amended, as
    implemented by Section 4.106-7 of Revenue Regulations (RR) No. 16-2005, as
    amended.
    This Certi cate 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 Certi cate shall be considered null and
    void.
    Issued this 18th day of December, 2017.

    (SGD.) CAESAR R. DULAY


    Commissioner of Internal Revenue

    CD Technologies Asia, Inc. © 2019 cdasiaonline.com

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