BIR Ruling No. 340-2017

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAUOF INTERNAL REVENUE

Quezon City TDD

Certificate of Tax Exemption No:

CERTIFICATE OF TAX EXEMPTION

between landowners, herein represented by Phintecstar Construction, Inc. (TIN: This certifies that the Deed of Absolute Sale dated April 18, 2016, executed by and

and the National Housing Authority (NHA) over the parcels of land described below, to wit;

Absolute Date of Deed of Sale Landowners Name of Certificate of Transfer Title (sq.m.) Area Purchased Area Location of Properties

April 18. 2016 Guilermina C.Vergara Frederick C.Vergara. Marisol C.Vergara.ane Fernando P.Vergara. Richardson C. Vergara Richell C.Vergara Rodolfo C.VergaraJr 39, 678 37.392 1.265 855 83 83 1,875 1.245 4,122 836 $3 83 Brgy. Tigbe. Norzagaray. Bulacan

which shall be used for the additional One Hundred (100) developed lots or parcels of land under Batch 2 with a total aggregate area of Four Thousand One Hundred Twenty Two (4. 122) square meters, more or less, in the resettlement site for the informal settler families (ISFs) living in danger areas and those affected by the clearing of waterways and esteros from Metro Manila, known as the "Katuparan Village Resettlement Project" located in Brgy. Tigbe. Norzagaray, Bulacan, a socialized housing project of the NHA through its Community Initiative Approach Program (CIAP), are not subject to capital gains tax/expanded withholding tax, and documentary stamp tax' pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279.

intended and shall not be construed as giving authority to the concerned Register of Deeds to It is, however. understood that this Certificate of Tax Exemption (CTE) is never

effect transfer of the land titles in the name of the NHA without the Certificate Authorizing

Revenue District Office (RDO) concerned in order for the latter to issue the CAR. Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the

: The tax exemption shall cover oniy the 4,122 sq. m. (consisting of 100 developed lots).

Page 2 of 2 NHAiPhintecstar Construction, Ine./Kaluparan Village Reseilement Project CTE No. Date issued 712--2017 340--2017

Upon application for exemption, a lien on the tities of the lands shall be annotated by. the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No. 7279

This Certificate 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 Certificate shall be considered null and void.

Issued this. day of 2

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Commissioner of Internal Revenue CAESAR R.DULAY 007659 K-1-JAC