BIR Ruling No. 344-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: 0344 -2019

CERTIFICATE OF TAX EXEMPTION

December Decermber 10, 2018 Undated 10, 2018 Uluacu the National Housing Authority (NHA) over the parcels of land described below, to wit; Date of DOAS This certifies that the Deeds of Absolute Sale (DOAS) executed by the Landowners and Thelma Marie V. Avendano & Adoracion Alaman & Corazon Heirs of Teodoro G. Vasquez Graciano Fidel V. Avendanio, Rosa Unawa & Flordeliza V. Teresa Martha V. Avendanio, Teila Matilda V. Avendafio & Rebecca P. Vasquez Name of Landowners Alaman Bernal of Title Nos. Certificate Transfer E Aggregate Area (sq. m.) per 27,371 65, 942 26,353 24.866 TCT Transferred Utilization (portion) for NHA 24.866 27,371 65 26.353 Area Property/ies Naic, Cavite Location of

Court Mandamus Program thru the Community Based Initiative Approach (CRIA)""to be documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and 000). is not subject to capital gains tax/creditable withholding tax, value-added tax and Section 109(1)(P) of the 1997 Tax Code, as amended. undertaken by New Bilrey Construction & Development Corporation (TIN: which shail be used for the Rancho Verde 1, consisting of 1.500 housing units, located at Brgy. Malainen, Naic, Cavite, a socialized housing project of the NHA under the Supreme

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

that the facts are different, then this Certificate shall be considered null and void. be applied or are being applied to a socialized housing project pursuant to RA 7279. documents as represented and submitted. However, if upon investigation, the BIR ascertains 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 This Certificate of Tax Exemption is being issued on the basis of the facts and Issued this day of.JUN J 4_2019

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K - Commissioner of Internal Revenue CAESAR R. DULAY 026034

1 This Certificate of Tax Exemption does not cover estate tax due. if any, on the estate of Teodoro G. Vasquez