BIR Ruling No. 369-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0369-2019

CERTIFICATE OF TAX EXEMPTION

issucd Name of Sellers TIN Address NAOMI P. TSUJINO -ad- Greenplains Subd., Bacolod City, Negros Occidental

KOSUKE VILLAGE HOMEOWNERS Name of Homeowners Association ASSOCIATION, INC (IOA) TIN Brgy. Poblacion, Bago City, Negros Occidental Address

20+8, over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Selfer and the HOA dated May t 8.

Certificate of Title Trausfer Total Area {s.m.} 5.000 Trausferred (sq.m.) 5.000 Area of CMP (sq.m.) 5.000 Brgy. Balingasag. District 0,Bago City Location

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

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

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

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 JUL 0 3 2019

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K- Commissioner of Internal Revenue CAESAR R. DULAY W 026096