BIR Ruling No. 677-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

OT-0677-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

favor of the City Government of Quezon City, over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale (DOAS) executed by the Landowner/s in

Date of DOAS 2. Isidro M. Saludes. 1. Erlinda M. Saludes: 3. Name of Landowner/s Teresita M. Saludes. Jr.. married to Lerma Zabala: Certificate of Title (TCT) No. Transfer (Sq. m.) Area Transferred (Sq. m.) Area Location

November 20. 2017 4. Fernando M. 6 Clemencia M. Marilou M. Saludes. Jocelyn Roque: married to Gerardo Amponin: married to Lamberto Saludes, married to Carungay: 2.3 00 2.300 Barangay Gulod. Quezon City

8.Salvador M. Saludes. 7. Luis M. Saludes. 9. Emmanuel M. married to Rosella married to Girlie Saludes: Perez: Astrera; and

Saludes.

stamp tax (DST) imposed under Section 196 of the National Internal Revenue Code of 1997, as pursuant to Section 20 of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Revenue Regulations (RR) No. 2-98, as amended. However, the sale is subjebt to documentary amended, based on the actual consideration of the property transferred, considering that one of the contracting parties is the Government. which shall be used by the City Government of Quezon City on its socialized housing project intended for the benefit of informal settler families (ISFs)2,is not subject to capital gains tax Housing Development Program Amendments) dated July 17, 2016, or withholding tax under

Register of Deeds (RD) having jurisdiction over the property, to the effect that the same are to be Upon application for exemption, a lien on the title of the land shall be annotated by the

: Already in the name of the City Government of Ouezon City under TCT No. 2 Per Quezon City Resolution No. confirmed on August 7, 2017. approved by the City Council on Second Reading oh July 17-2017 and was

CITY GOVERNMENT OF QUEZON CITY (Erlinda M. Saludes, Et. Al.) Date issued: CTE No.: CT-0677-2020

of Quezon City pursuant to RA No. 7279. applied or are being used exclusively for the socialized housing project of the City Government

and shall not be construed, as giving authority to the concerned RD 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 CTE shall be presented to the Revenue District Office concerned in order for the latter to issue the CAR after submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, as amended. It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended.

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

Issued thisday of DEC 2 3. 2020

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KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 038825 A

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