BIR Ruling No. 272-2022

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No. CMpLE

CERTIFICATE OF TAX EXEMPTION issued to Name of Selle'r! TIN Address MELISSA Y. I'A'GAN

ROY S. G AO

-and-

and the HOA. both .Jat:d April 13. 3022, over the parcels..of land described below. to wit: HOMEOWNERS A ;SOCIATION. TOWNHOMES SAN FERNANDO of Title No. Certificate Transfer Name of Horr eowners This certifie: that the Deeds of Absolute Sale entered by the Sellers, respectively. Association (HOA) INC. To tal Area [Transferred Area of CMfr (sq.m.) (sq.m.) TIN (sq.m.) Sto. Rosario. San Fernando City. City Hatl A. Consunji St., Brgy. Pampanga Address Location

stamp tax under Sect on 196 of the Tax Code of 1997. as amended. Finance Corporation. ani a Socialized Housing Project2 is not subject to creditabie withholding amended. provided t iat the consideration per beneficiary shall not exceed the VAT-exempt threshoid 'provided in RR No. 8-2023. The transaction is, however. subject to documentary being a Cominunity Mertgage Program (CMP) under Turr key Modality of Sociat Housing tax (CW'T)/capital ga ns tax (CGT) pursuant to Sections 20 (d) and 32 (b) of Republic Act (RA) No. 7279. as amende d3. Furthermore, the sale shall not be subject to value-added tax (VAT) pursuant to Section 1 :)9 1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as Brgy. Panipuan. City of San Brgy. Panipuan, City of San Fernando, Pampanga Fernando. Pampanga

Nine Thousand Two H: indfred Pesos (P3,199.200.00) in 2011 usint; the 2010 Consumer Price Index + Not more than Two M llion Pesos (P2,000,000.00). as adjusted to Three Million One Hundred Ninety- 2 Per Certification by t! = I 'epartment of Human Settlements and Urioan Development (DHSUD) dated values acting on behalf of the 'orporation as per Secretary's Certificate dated February 18, 2022. 3 As amended by RA ? .o. 10884 otherwise known as the "Balanced Housing Development Program : The Sellers were repr seted by Ms. Ofelia B. Tan. President of Baque Corporation. who is likewise Amendments" of the land title in tl e name of the buyer without the nece ssary Certificate of Authority to May 2. 2022 shall not be construes as giving authority to the concerned Register of Deeds to effect transfer It is, however. understood that this Certificate of Tax Exemption is never intended and

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CMP-.2 72 - 2 0 2 2 HJY ? ?

provided under Revet ue Memorandurn Order (RMO) No. 15..2003. District Office (RDC ) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). Tht CAR shall oniy be issued after the submission of the requirements Register issued by thi , Bureau. in this regard, this Certificate shall be presented to the Revenue

(D) (1) or 27 (D) (5). ind Section 109 (1) (P), respectively. of the Tax Code. as amended. actual occupants of t ie property transferred under the CMF are qualified 'beneficiaries and therefore. the seller i: entitled to exenption from CGT, and VAT imposed under Sections 24 The Bureau ot Iniernal Revenue (BIR) shall conduct verification and post-audit that the

and submitted. Howt ver. if upon investigation. the BIR ascertains that the facts are different. then this Certificate s'tall be considered null and void. This Certifica e is being issued on the basis of the facis and documents as represented

Issued this - day of MAY: ? ? an-

h Coinmissioner of Internal Revenue CAESAR R. DULAY

By:

MARISSAO Deputy Commissioner Ctficer-in-Charge Lagal Group 6! cabreros 0 8 79

. Z 7 MAY 2C22

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