BIR Ruling No. 591-2020

REPUBLIC OF THE PHILIPPINES

HE0 BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

a Jo ego o

CERTIFICATE OF TAX EXEMPTION

the National Housing Authority (NHA) over the parcels of land described below, to wit; This certifies that the Deed of Absolute Sale (DOAS) executed by the Landowners and

2019 January 2019 January January January December December 2019 2019 January 2019 10,2018 10, 2018 Date of DOAS 18. 18.1 15, Heirs of Felicidad 15 15 Rosa B. Pinpin Norma L. Medina & Antonio M. Simeon Bacolod Teresa Martha V. Avendano Medina Avendano, Avendano & Teila Matilda V. Nieves R. Venci Graciano Fidel V. Avendano, Thelma Marie V. Patuga and Patuga Ramiro C. Credito Bonifacio J. Landowners Name of of Title Nos. Certificate Transfer 5,796 6,727 27,048 65,942 28,789 14,893 18,853 Aggregate Area (sq. m.) per TCT 6,727 5,796 27,048 65,942 14,893 28,789 18,853 Transferred Utilization for NHA Area Cavite Cavite Naic, Naic. Cavite Naic, Cavite Cavite Property/ies Naic, Cavite Naic, Cavite Naic, Naic, Location of

be undertaken by St. Louise Prime Builders & Development Corp., is not subject to capital gains tax/creditable withholding tax, value-added' tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109(1)(P) of the located at Brgy. Malainen, Naic, Cavite, a socialized housing project of the NHA under the 1997 Tax Code, as amended. which shall be used for the St. Mary Magdalene Ville, consisting of 1,450 housing units, Supreme Court Mandamus Program thru the Community Based Initiative approach (CBIA), to

documentary requirements provided under RMO No. i5-2003, shall be presented to the 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 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 Certificate Authorizing It is, however, understood that this Certificate of Tax Exemption (CTE) is never

St. Louise Prime Builders & Development Corp. Page 2 of 2 Date issued_ [OCT 1 5 220 CTENo.NSH-D591-2020

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

2019. This Certificate of Tax Exemption supersedes Certificate of Tax Exemption No. 0266-

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

Issued this day ofOCT 1 5 2020

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CAESAR R.DULAY

K-1 Commissioner of Internal Revenue 037043 W