BIR Ruling No. 473-2020

BUREAU OF INTERNALREVENUE REPUBLICOFTHEPHILIPPINES DEPARTMENT OF FINANCE

Quezon City

CMP-0473-202c Certificate of Tax Exemption No.

CERTIFICATE OF TAX EXEMPTION

issued to

PAG-ASA CONSTRUCTION AND INDUSTRIAL CORPORATION Name of Sellers TN Sprinter Bldg. Gensan Drive, Zone II. Koronadal City 9506 Address

:-and

PAG-ASA VILLAGE HOMEOWNERS ASSOCIATION, INC. PHASE 2 Name of Homeowners Association (HOA) TIN Pag-asa Village Phase 2, Mabuhay, General Santos City 9500 Address

November 19, 20 18, over the parcel of land described below, to wit This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated

Transfer CertificateTotal AreaTransferredArea of CMP of Title No. (sq.m.) (sq.m.) (sq.m.) Location

Brgy. Mabuhay, General Santos City

being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, 32 (b) of Republic Act (RA) No. 7279, or the Urban Development and Housing Act of 1992. The as amended.

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 issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall (RMO) No. 15-2003. only be issued after the submission of the requirements provided under Revenue Memorandum Order It is, however, understood that this Certificate of Tax Exemption is never intended and shall

is entitled to exemption froin capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the 1997 Tax Code, as amended. occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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

Issued this day of AUG18 2020

aex Q1uee

K-1-JAC Commissioner of Internal Revenue CAESAR R.DULAY 036405