BIR Ruling No. 387-2022

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No. CMp-' 3 8 7 - 2 3 2 2

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that the Deed of Absolute Sale dated November 13, 201 7, entered into by and between:

Name of Seller TIN Address MARIA BORROMEO KERTEL

JOSE N. BORROMEO ANNELI D. BORROMEO HAMEL MARCO D. BORROMEO

-and-

Name of Homeowners Association (HOA) TIN Address

ASSOCIATION, INC VILLA MARINA HOMEOWNERS Villa Marina, Mansilingan, Bacolod City 6100

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

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 Interna! Revenue Code (Tax Code) of 1997, as amended.

It is, however, understood that this Certificate of Tax Exemption (CTE) is never

effect transfer of the land title in the name of the buyer without the necessary Certificate intended and shall not be construed as giving authority to the concerned Register of Deeds to Authorizing Registration (CAR) issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Offce (RDO) concerned in order for the latter to issue the

Revenue Memorandum Order (RMO) No. 15-2003. CAR. The CAR shall only be issued after the submission of the requirements provided under

The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual 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 27 (D)(5) of the Tax Code of i997, as amended.

Page 2 of 2 Villa Marina Homeowres Association, Inc. Date Issued Jo cMP- 3 8 7 - 2 6 2 Z SP

This CTE is being issued on the basis of the facts and 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.

Issued this day of SEP R 20?

AY A

K-1-JAC Commissioner of Internal Revenue LILIA CATRIS GUILLERMO 001273