BIR Ruling No. 555-2020

W BUREAU O5INTFRNAL REVENUE REPUBLIC OFTHF PHILIPPINES DEPARTMENT OF FINANCE

an

Certificate of Tax Exemption No. CMP-0555-2020

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Sellers TIN Address

EUFROCINO R.DAUG CARMEN T.DAUG North Poblacion, Maramag, Bukidnon

-and

Name of Homeowners Association (HOA) TIN Address

BASE CAMP HOMEOWNERS ASSOCIATION, INC Base Camp, Maramag, Bukidnon 8714

September 28, 2018, over the parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Sellers and the HOA, dated

Transfer Certificate of Title No. Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location

Maramag, Bukidnon 8714 North Poblacion.

being a Community Mortgage Program (CMP), is.not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. as amended.

not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary Certificate of Authority to Register issued by this It is, however, understood that this Certificate of Tax Exemption is never intended and shall

Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR).The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order

(RMO)No.15-2003.

The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual occupants of the property transferred under theCMP are qualified beneficiaries and therefore,the seller is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27(D5) of the 1997 Tax Code,as amended.

This Certificate 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 SEP 2 3 2020 ewy

Commissioner of Internal Revenue CAESAR R.DULAY

K-1-JAC 036753