BIR Ruling No. 329-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No: 0329 -2019

CERTIFICATE OF TAX EXEMPTION

the National Housing Authority (NHA) over the parcels of land described below, to wit; This certifies that the Deed of Absolute Sale (DOAS) executed by the Landowners and

December December December 10, 2018 December 10, 2018 10,2018 January December 10, 2018 2019 10, 2018 Date of DOAS 15 Nazareno Credito Nieves Chua Wang Vasquezj Venci Rebecca Iog Heirs Juana Arenas Amor Ramiro Daryl Nicole David Jonathan C. Landowners Name of Ibasco & G. R C E. of Certificate of Title Nos. Transfer 52,710 52,710 14,284 14,893 18.853 Area (sq. m.) 31,385 Aggregate per TCT February 2019 Certification dated 93,278 sq. m. An aggregate area per Transferred Utilization for NHA Area NHA of Naic, Cavite Naic, Cavite Naic, Cavite Naic, Cavite Naic, Cavite Naic, Cavite Property/ies Location of

pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109(1)(P) of the gains tax/creditable withholding tax, value-added tax and documentary stamp'tax which shall be used for the Rancho Verde 2, consisting of 1,242 housing units, located at Brgy. Malainen, Naic, Cavite, a socialized housing project of the NHA under the Supreme undertaken by Goldenville Realty & Development Corporation, is not subject to capital 1997 Tax Code, as amended. Court Mandamus Program thru the Community Based Initiative approach (CBIA),*to be

intended and shall not be construed as giving authority to the concerned Register of Deeds to Revenue District Office (RDO) concerned in order for the latter to issue the CAR. effect transfer of the land titles in the name of the NHA without the Certificate Authorizing documentary requirements provided under RMO No. Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the It is, however, understood that this Certificate of Tax Exemption (CTE) is never i5-2003, shall be presented to the

1 This Certificate of Tax Exemption does not cover estate tax due, if any, on the estate of Juana Arenas Waca,

Page 2 of 2 Goldenville Realty & Development Corporation Date issuedJUN f 3 20IR CTE No..0 3. 2 9 - 2 0 1 9

- be applied or are being applied to a socialized housing project pursuant to RA 7279. the Register of'Deeds having jurisdiction over the properties, to the effect that the same are to Upon application for exemption, a lien on the titles of the lands shall be annotated by

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

Issued this day of JUN 0 3 2f3

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K-1 Commissioner of Internal Revenue AESAR R. DULA 02599.5