BIR Ruling No. 565-2019

REPUBLIC OF THE PTPE

DEPARTMENT G :AKCH BUREAU OF INTERL HEYEUE

Quezon Ci

: Ccrtificate of Tax Exemption No: 0|565-201g

CERTIFICATE OF TAX EENPTION

pareeis of iand e:- ...d below. lo wit: exeeuted iy e La: :wners in favor of the Nat:o: Housing Authority (NHA) over the "rs ce::: :at the two (2) Deeds of Apsote Sa1s. both dated September 3, 2018

Sentenber 3. T1x Sepiember 3.: Spro: Rogelio and Ovevance Dood of Deve of Ria F. Santos F o? Landowners --a Santos Certificate Transfer of Title 6.809 sa.m 23.726 30. A22-e8a8 Ac Transferred 33.726 sq.m 6,899 sq. m. Area Norzagaray. Norzagaray, Location of Properties Bulacan Du:acan Bigie. Bigte.

Durst:t t: Sections : % and 20 of Republic Act (RA) No. 77% and Section 109 (1) (P) of the *iatz housi.: ect of the NHA under the Natonal Resettlement Program of the cvernmert for :.ca! Year 20152, located in Brsy. Ivinuyan. Norzagaray, Bulacan, to be mderteken Py Nor2on Construction & Developmen: Corp.. is Inot subject to creditable wihhciiug taeapal gains tax, documentary s:p ta and value-added tax (VAT) e shat! hs u or the Norzagaray Homes + Expansior: Area) Resettlement Project, a Tax Code of 19%7. # anended.

Hhtended and shel: no be construed as giving authe. io the congerned Register of Deeds to effec: tranerer of ine land titles in the name of the NrA without the Certificale Authorizing Revenue: District Ge (RDO) concerned in order fo: the later tofissue the CAR. Registratior (C.?.; isaed by this Bureau. In this reard, this CTE shall be presented to the : is. her. understood that this Certiiene of ax Exemption (CTE) is never

pe applied or are bing applied to a socialized housirg prcjeet pursuant to RA No. 7279. .he Regisier of Lo.a: having jurisdiction over the p:operties. t the cffect that the same are to Lpon apptcuion for exemption, a lien on tht ites o ine lands shall be annotated by

documents as: rer:+ed and submitted. However. "it upon investigation, the BIR ascertains that the facts are different, then this Certificate shall oe considered null and void. This Cerieae of Tax Exemption is being. issued cn the basis of the facts and

Issued this day of OCT 0 t

cC$mAv

K- Commissioner of Internal Revenue .AESAR R. DULAY 029357

2 1bia. : Consisting of addit:en:: 500 developed homelots under Baict % oased on the Memorandum of Agreement dated December 3. 201 5.