BIR Ruling No. 372-2020

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE

1 BUREAU OF INTERNAL REVENUE

EYR Quezon City

IDT

Republic Act (RA) No.4726; BIR Ruling No. 570-2018 Revenue Memorandum Order (RMO) No. 18-2009 OT-037Z-2020

JUL 0 3 zU2U

Ortigas Center, Pasig City ROBINSONS LAND CORPORATION Sapphire and Garnet Roads, 12th Floor, Robinsons Cyberscape Alpha,

Attention: AVP-Legal, AMD, Operations and Allied Services Departments ATTY. JUAN ANTONIO M. EVANGELISTA

Gentlemen:

withholding tax (CWT) and documentarystamp tax (DST), which are registered under the 4726, otherwise known as the "Condominium Act of the Philippines". exempting the conveyance of land and common areas from the payment of creditable name of the real estate developer, Robinsons Land Corporation, in favor of Vimana Verde Residences Condominium Corporation and East of Galleria Condominium Corporation condominium corporations established pursuant to the provision of Republic Act (RA) No. This refers to your letter dated May .31, 2018 requesting for the issuance of a Ruling

issuance of Revenue Memorandum Order (RMO) No. 18-2009 ("An Order Dispensing the Necessity of Securing a Ruling from the Bureau of Internal Revenue as a Requisite for the Issuance of CAR/TCL on the Conveyance of Land and Common Areas by the Real Estate In reply, please be informed that your request has been sufficiently addressed with the

Republic Act No. 4726 for the Purpose of Holding Title to and Managing and Maintaining the Developer to the Condominium Corporation Organized in Accordance with the Provisions of

Land and the Common Areas for the Benefit of the Condominium Unit Owners, as well as 2009, you are advised to just comply with the requirements prescribed under the said RMO. Prescribing the Policies and Guidelines to be Observed in the Issuance of CAR/TCL in Respect Thereto") dated April 26, 2009. Inasmuch as your query falls within the ambit of RMO.18.

Very truly yours,

1awsowar

K-1-LMAT Commissioner of Internal Revenue CAESAR R.DULAY 035481