Summary
RMO No. 28-99 sets the procedures for accepting property donations to the BIR.
Key points
- Review of the Deed of Donation. Once the donor signifies its desire to donate, the User forwards the Deed of Donation through the Assistant Commissioner concerned to the Law Division of the Legal Service. The Law Division gives comment and endorsement.
- Approval. After a favorable endorsement, the Assistant Commissioner recommends approval and signing of the Deed of Donation by the Commissioner.
- Tax exemption ruling. If the donor requests a tax exemption ruling, the User recommends or endorses its approval to the Law Division.
Who is affected
- Donors of property to the BIR
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.