BIR Ruling No. 395-2022

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No.

CMP- 3 9 5 - 2 0 2 Z

CERTIFICATE OF TAX EXEMPTON

TO ALL WHOM IT MAY CONCERN:

This certifies that the Deed of Absolute Sale dated March ll, 2020, entered into by and between:

Name of Sellers TIN Address

Maria Perpetua M. Tolentino

Jose M. Tolentino, Jr.

Maria Luisa M. Tolentino

Maria Teresa M. Tolentino

Maria Crestina M. Tolentino

Maria Rosario M. Tolentino married Maria Concepcion M. Tolentino married to Melchor Borbon to Emmanuel V. Santos

-and

Name of Homeowners Association (HOA) TIN Address

BISAYA-H HOMEOWNERS MandaYa, MUSLiM, ASSOCIATION, INC.

over the parcel of land described below, to wit:

Transfer Certificate of Title No. Total Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location

1 Specia! Power of Attorney dated August 20, 2019, was granted to Maria Perpetua Tolentino Cabreros to execute the Deed of Absolute Sale on behalf of the fandowners for the sale of the property identified and described in TCT No.

Mandaya, Muslim, Bis va-IHOA.E CTE No. CMP 3 9 5 - 2 0 2 2 Page 2 of 2 Date Issued

Code) of 1997, as amended. being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279, as amended by RA No. 10884. The transaction is, however. subject to documentary stamp tax under Section 196 of the National Internal Revenue Code (Tax

(RDO) concerned in order for the latter to issue the CAR. The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. shall 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 Authorizing Registration (CAR) issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended and

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

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

Issued this day of SEP 2 3 2022

K-1-JAC Commissioner of Internal Revenue LILIA CATRIS GUILLERMO 001490