BIR Ruling No. 538-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 538-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Balete. Batangas. in favor of the National Housing Authority (NHA) over the parcels of (and described below. to wit: This certifies that the Deeds of Absolute Sale (DOAs) executed by the Municipality of

14. 20152 September 14.2015 September Date of DOAS Balete, Batangas Municipality of Batete, Batangas Municipality of Landowner Name of Certificate of Titie Transfer Aggregate Area (sq. m.) 25.3 71 461 Area Transferred (sq. m. 25.37 46 Batan gas Batangas Location Balcte. Balcte.

value-added tax (VAT) pursuant to Sections 19 and 20 of Repubtic Act (RA) No. 7279 and the NHA intended for the informal settler families living within the Taal Volcano Crater. Brgy. Calauit, Balete. Batangas. through its Community (nitiative Approach Program (CIAP), are not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax and Section 109 (1) (P) of the National Internal Revenue Code of 1997. as amended. which will be used for the Jowivil Craters View Subdivision, a socialized housing project of

intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the NHA without the Ccrtificate Authorizing Revenue District'Office (RDO) concerned in order for the latter to issue the CAR. Registration (CAR) issued by this Bureau. In this regard. this CTE, together with the documentary requirements provided under RMO No. 15-2003. shall be presented to the It is. however. understood that this Certificate of Tax Exemption (CTE) is never

be applied or are being applied to a socialized housing project pursuant to RA 7279. the Register of'Deeds having jurisdiction over the properties. to the effect that the same are to Upon application for exemption, a lien on the titles of the lands shall be annotated by

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

Issued this day of NOV 2 0 2017

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Comisinerfgl Re3 CAESAR R. DULAY

%Date of Acknowledgement by Hon. Leovino O. Hidalgo of the Municipatity of Balete and Atty. Sinforoso R. Pagunsan of Date of Acknowiedgement by Hon. Lcovino O. Hidalgo of the Municipality of Balete and Atty. Sinforoso R. Pagunsan of' NHA NHA