BIR Ruling No. 678-2020

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

NSH-0678-202

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

landowner and the National Housing Authority (NHA) over the parcels of land described below. to Wit: This certifies that the the Deeds of Absolute Sale (DOAS) executed by and between the

September 9. 2020 Date of DOAS Landowner/ Ryan L. Uy Name of Seller Certificate of Title (TCT) No. Transfer (sq. m.) 21.960 24,375 Area Transferred (sq.m) 46.335 Area Meycauayan. Bulacan Brgy.Bahay-Pari. Location

Republic Act No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended. which shall be used for Bagumbong Residences Phase I, a socialized housing project of the NHA informal settler families affected by the Department of Public Works and Highways (DPWH) / (480 units) located at Brgy. Bagumbong, Caloocan City, to be undertaken by Rotaflex Construction and Development Corporation is not subject to capital gains tax/income tax/creditable withholding tax, documentary stamp tax (DST) and value added tax (VAT), pursuant to Sections 19 and 20 of under its Community Based Initiative Approach Program intended for the qualified beneficiaries of Department of Transportation (DOTr) infrastructure projects, consisting of 5-Storey Low Rise Building 180 180 Shelter Ville. 176. Caloocan City

issued by this Bureau. In this regard, this CTE together with the documentary requirements provided under Revenue Memorandum Order No. (RMO) 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. shall not be construed, as giving authority to the concerned Register of Deeds (RD) to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and

concerned RD having jurisdiction over the property, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No. 7279. Upon application for exemption, a lien on the title of the land shall be annotated by the

be considered null and void. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall This CTE is being issued on the basis of the facts and documents as represented and submitted.

Issued this day of DEC 2 3 2020

MowaMw

K-1 /20-0839 Commissioner of Internal Revenue CAESAR R. DULAY 038831.