BIR Ruling No. 342-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 034Z-Z75

ERFFCATE OF TAX EXEMPTON

issted

DEVELOPMENT BANK OF THE Name of Seller . PhilippineS TN -and- } DBP Bidg., Sen. Git Puyat Ave. cor. Makati Ave., Makati City 1405 : Address

NG ROSE PACKING H-HEOWNERS SAMAHANG MAGKAKAPiTBAHAY Association, inc.. Phase 4 Name of Homeowners Association (HOA) THN Pinagpala St., Sitio Pinalagad, Brgy Malinta. Dist. 1. Valenzuela City 1440 Address

O !. 2019. over the parcels of land described below, to wit: This certifies that.the Deed of Absolute Sale entered by the Selier and the HOA, dated February

Transfer CertificateTotal Area [Transferred[Area of CMP of Title No. (sq.m.) 13,651 28 9 305 (sq.m.) [3,651 28 305 (sq.m.) 13.651 289 3 0 Brgy. (Pinalagad) Karuhatan. Valenzuela City 14.40 Location

being a Community Mortgage Program fCMP9, is not subject to capital gains tax pursuant to Section transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of :992. The as amended.

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

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

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

Issued this day of JUN 2 4 2019

ARO

K-. Commissioner of Internal Revenue CAESAR R. DULAY 025035