BIR Ruling No. 400-2022

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No: PSHF-E 4 0U - 2 0 2 2

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

the City Government of Quezon City over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale (DOAS) executed by the Landowner in favor of

Date Name of Vendor Certificate of Transfer Title No. (Sq.m.) Area Transferred (Sq. m.) Area Location

May I!, 2022 Development Corporation Univille C Howmart Rd. Brgy. Baesa Quezon City

consideration of the property transferred considering that one of the parties is the Government. socialized housing project for the benefit of Quezon City Informal Settlers Families (ISFs)', is not subject to capital gains tax/creditable withholding tax pursuant to Section 20 (d)(2) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) documentary stamp tax under Section 196 of the Tax Code of 1997, as amended, based on the actual which shall be used by the City Government of Quezon City intended for the development of a dated July 17, 2016, and to value-added tax (VAT) pursuant to Section 109 (1)(P) of the National Internal Revenue Code (Tax Code) of 1997, as amended. The transaction is, however, subject to

It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and

by this Bureau. In this regard, this CTE, together with the documentary requirements provided under shall not be construed, as giving authority to concerned Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued Revenue Memorandum Order (RMO) No. 15-2003. shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

applied to a socialized housing project pursuant to RA 7279. of Deeds having jurisdiction over the property, to the effect that the same is to be applied or is being Upon application for exemption, a lien on the title of the land, shall be annotated by the Register

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

Issued this day ofSEP2 3_2022

hb b LILIA CATRIS GUILLERMO Commissioner of Internal Revenue

K-1-JAC 001492

1 Per Quezon City Council Resolution No. SP-7927 dated August 13, 2019