BIR Ruling No. 388-2022

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. CMP- 3 8 8 - 2 0 2 2

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

between: This certifies that the Deed of Absolute Sale dated March 1, 2020, entered into by and

Name of Sellers. TIN Address

Maria Perpetua M. Tolentino

Jose M. Tolentino, Jr. W

Maria Luisa M. Tolentino

Maria Teresa M. Tolentino

Maria Crestina M. Tolentino

married to Emmanuel V. Santos Maria Concepcion M. Tolentino married to Melchor Borbon Maria Rosario M. Tolentino

-and-

Name of Homeowners Association (HOA) TIN Address

BISAYA-III HOMEOWNERS Mandaya, MusliM, ASSOCIATION, INC. Marundan, City of Mati, Davao Orienta? Sitio Magay, Brgy. Don Martin 8200

over the parcel of land described below, to wit:

Transfer Certificate of Title (TCT) No. Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279, as amended by RA No. 10884. The transaction is, however,

of Absolute Sale on behalf of the landowners for the sale of the property identified and described in TCT No. T-53726. Special Power of Attorney dated August 20, 2019, was granted to Maria Perpetua Tolentino Cabreros to execute the Deed

Page 2 of 2 Mandaya, Muslim, Bisd H HOA, Inc. Date Issued _ SEP...0 .2022 C CMP-3 8 : - 2 9 2. 2

subject to documentary stamp tax under Section 196 of the National Internal Revenue Code (Tax Code of 1 97, as amended.

It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended and shall not be construed as giving authority to the 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 by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 1 5-2003

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

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.

be considered null and void.

Issued this day of SEP_0 8_2022

M

K-! -JAC Commissioner of Internal Revenue LILIA CATRIS GULLERMO 00127