BIR Ruling No. 638-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NSH-0638 -2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Landowner and the National Housing Authority (NHA) over the parcei of land described below, to wit: This certifies that the Deed of Absolute Sale (DOAS) executed by and between the

04, 2019 March Date Name of Landowner Eleuteria Ponferrada- Schneeberger Transfer Certificate of Title (TCT) (Sq. m.) Area Transferred (Sq. m.) Area Barugo, Leyte Location

of the NHA under its Yolanda Permanent Housing Program, consisting of 788' housing units, which shall be used for the Barugo Town Ville Housing Project, a socialized housing project located at Brgy. Busay, Barugo, Leyte, to be undertaken by Goldenville Realty and Development Corporation, is not subject to capital gains tax/income tax/creditable Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of withholding tax, documentary stamp tax (DST) and value-added tax (VAT) pursuant to 1997, as amended.

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

Or are being applied to a socialized housing project pursuant to RA No. 7279. Submitted. However, if upon investigation, the BIR ascertains that the facts are different, then concerned RD having jurisdiction over the property, to the effect that the same are to be applied this Certificate shall be considered null and void. This CTE is being issued on the basis of the facts and documents as represented and Upon application for exemption, a lien on the title of the land shall be annotated by the

Issued this day of NOV 19 2120.

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KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY

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Barugo Town Ville Phase I (500 housing units) and Barugo Town Ville Phase 2 (288 housing units)