BIR Ruling No. 341-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. 0341-2019

CERTFICATE OF TAX EXEMPTION

issued

DEVELOPMENt BANK OF tHE Name of Seller PHILIPPINES TIN -and- DBP Bidg., Sen. Gil Puyat Ave. cor. Makati Ave.. Makati City 1405: Aderess

NG ROSE PACKING HOMEOWNERS SAMAHAnG MAGKAKAPItBAHAY ASSOCIATION, INC., PHASE 2 Name of Homeowners Association (HOA) THN Pinagpala St.. Pinalagad, Brgy. Malinta. Dist. 1, Valenzuela City +440 Address

O 1. 20 I 9. over the parcels of land described below, to wit: This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated February

[Transfer Certificate] Total Area Of Title No. (sq.m.) 8, 1 10 341 [Transferred]Area of CMP (sq.m.) 8, 110 341 (sq.m.) 8, 10 34 Brgy. (Pinaiagad) Karuhatan. Valenzuela City i440 Location

as amended. transaction is. however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code. being a Coinmunity Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No."7279, or the Urban Development and Housing Act of 1992. The

(RM()) No.5-2003. concerned in order for the (atter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the subinission of the requirements provided under Revenue Memorandum Order 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 of authority to register issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) It is, however, understood that this Certificate of Tax Exemption is never intended and shall

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

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

Issued this day of JUN 0 4 2019

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K-I-JA( Commissioner of Internal Revenue CAESAR R. DULAY 026038