BIR Ruling No. 597-2018

REPUBLICOF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

xY

Certificate of Tax Exemption No. 597-2013

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and between: This certifies that the Deed of Absolute Sale dated December 12, 2016, entered into by

Seller/Landowner Beatriz G. Sanchez Name of TIN Promise Land, Km. 23 Bunawan, Davao Address City

-and-

Secret Valley Homeowners Name of Homeowners Association (HOA) Association Inc TIN Brgy.Tibungco, Bunawan District,Davao Address City

over a parcel of land described below, to wit:

Certificate of Title TCT) No. Transfer (s. m.) 44,768 Area Transferred (sq. m.) 23,018 Area of (sq. m.) 23,018 CMP Barrio of PaacanCity of Location Davao

being a Community Mortgage Program (CMP)i. is not subject to capital gains tax and value- added tax (VAT pursuant to Section 32bof Republic Act (RA) No.7279 and Section 109 1P) of the National Internal Revenue Code of 1997, as amended.However, the transaction is subject to documentary stamp tax (DST) under Section 196 of the same Code.

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

actual occupants of the property transferred under the CMP are qualified beneficiaries and The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

Shall be proportionately distributed to the associations qualified member-beneficiaries (See Annex)

597-201a

SECRET VALLEY HOMEOWNERS ASSOCIATION, INC

Sections 24 (D(1) and/or 27D5 the National Internal Revenue Code of 1997, as amended. therefore. the seller is entitled to exemption from capital gains tax or income tax imposed under

and submitted. However, if upon investigation, the BIR ascertains that the facts are different, This Certificate is being issued on the basis of the facts and documents as represented

then this Certificate shall be considered null and void.

Issued this _day of _APR 0_ 42Q18

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$K-1-LMAT Commissioner of Internal Revenue CAESAR R DULAY 015258

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