BIR Ruling No. 368-2022

REPUBLIC OFHE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. CMP-- 3 5 8 - Z 0 2 2

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

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

Name of Sellers TIN Address

Agripino Bucao married to Carolyne B. Bucao

-and-

Name of Homeowners Association (HOA) TIN Address

STO. NINO LAGTANG HOMEOWNERS ASSOCIATION, INC Burlas Lagtang, Talisay City,Cebu 6045

over the parcel of land described below, to wit:

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

being a Community Mortgage Program (CMP), is not subject to capitat gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279, as amended by RA No. 10884. The transaction is, however, subject to documentary stamp tax under Section 196 of the National Internal Revenue Code (Tax Code) of 1997, as amended.

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 CAR. The CAR shall only be issued after the submission of the requirements provided under presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Revenue Memorandum Order (RMO) No. 15-2003. It is, however, understood that this Certificate of Tax Exemption (CTE) is never

1 Speciat Power of Attorney dated October 6, 2018, was granted to Archie B. Tamparong to execute the Deed of Absolute Sale on behalf of the landowners for the safe of the property identified and described in TCT No.

Sto. Nino Lagtang Homeowners Associa ion, lt 'c. Page 2 of 2 Date Issued AUG 2-?-2022 CTE No. CMP- 3 6 8 - 2 0 Z Z

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

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

Issued this day of_ AUG_2 2 2022

K-I-JAC Commissioner of Internal Revenue LILIA CATRIS GUILLERMO hl l 000800