May 3, 2012

BIR RULING NO. 299-12

Sec. 101 (A) (2) of the Tax Code of

1997;
BIR Ruling No. 144-10

Philippine Volunteer Service Coordinating Agency

2F NEDA Complex
EDSA, Diliman Quezon City

Attention: Joselito C. de Vera

Executive Director

Gentlemen :

This refers to your letter dated November 28, 2011 requesting exemption from
the payment of donor's tax on the donation of one (1) unit of Hyundai Starex by the
Government of the Republic of Korea, through the Korea International Cooperation
Agency (KOICA) to the Philippine National Volunteer Service Coordinating Agency
of the Philippines, described as follows:

Engine No. : D4BH4005754

Chassis No. : KMJWWH7HP4U627179
Specification : Handle Position-LHD
2.5 L Turbo Intercooler
Manual Transmission
12 seaters
Color : Noble White

In reply, please be informed that inasmuch as the donee is an agency under the
National Economic Development Authority, the aforesaid donation is exempt from
the payment of donor's tax pursuant to Section 101 (A) (2) of the Tax Code of 1997,
as amended.

Moreover, the Deed of Donation is not subject to documentary stamp tax.

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 However, the acknowledgment on said deed is subject to the documentary stamp tax
of P15.00 imposed under Section 188 of the Tax Code of 1997, as amended. (BIR
Ruling No. 144-10 dated December 13, 2010)

This ruling is being issued on the basis of the foregoing facts as represented.
However, if upon investigation it will be disclosed that the facts are different, then
this ruling shall be considered null and void. aETAHD

Very truly yours,

(SGD.) KIM S. JACINTO-HENARES

Commissioner of Internal Revenue

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