BIR Ruling No. 338-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT QF FINANCE

Quezon City :

Certificate of Tax Exemption No. 9338 -2019

CERTFCATE OF TAX EXEMPTION

issued

DEVELOPMENT BANK OF THE Name of Seller PHILIPPINES TI -and DBP Bldg., Sen. Gil Puyat Ave. cor. Makati Ave., Makati City 1405 Address

NG ROSE PACKING HOMEOWNERS SAMAHANG MAGKAKAPITBAHAY ASSOCIATION. INC., PHASE 3 Name of Homeowners Association (HOA) TIN Pinagpala St., Sitio Pinalagad, Brgy. Malinta. Dist. 1, Valenzuela City 1440 Address

O1, 2019. over the parcel of Iand described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated February

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 :992. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. as amended. Transfer CertificateTotal Area Of Title No. (sq.m.) 6,5 7 [Transferred Area of CMP (sq.m.) 6,571 (sq.m.) 6,571 Brgy. (Pinalagad) Karuhatan. Valenzuela City 1440 Location

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

occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitied to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the 1997 Tax Code. as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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

Issued this day of JUN 6 4 2019

K-1-JAC Commissioner of Internal Revenue ARUQrxanv : CAESAR R. DULAY 026021