BIR Ruling No. 592-2020

REPUBLIC OF THE PHILIPPINES

BUREAU OF QNTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: NS4-0592-2020

CERTIFICATE OF TAX EXEMPTION

favor of the National Housing Authority (NHA) over the parcels of land described below, to Wit; This certifies that the Deeds of Absolute Sale (DOAS) executed by the Landowners in

Date of Deed of Absolute Sale May 21, 2020 May 21, 2020 May 21, 2020 Banes' Arturo Banes Custodio Castor Heirs of Rodolfo Landowner/s Name of Certificate of Title Original Nols. Area (sq. m.) Aggregate. 57,399 30,658 59,215 Transferred (sq.m.) 43,540 36,189 30,358 Area Ajuy, Iloilo Location

which shall be used for the Ajuy Housing Project, consisting of 1,500 housing units located in the Municipality of Ajuy, Iloilo, a socialized housing project of the NHA under its Typhoon Permanent Housing Program, to be undertaken by Eddmari Construction and Trading, are not subject to creditable withholding tax/capital gains tax, documentary stamp tax and value-added tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended.

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

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

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

Issued this day of OCT 1 5 2020

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K-1 Commissioner of Internal Revenue CAESAR R. DULAY 037042 C

This Certificate of Tax Exemption does not cover exemption from estate tax, if any, due on the estate of Rodolfo Banes.