BIR Ruling No. 336-2019

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: 0336 -2019

CERTIFICATE OF TAX EXEMPTION

Villanueva' and the National Housing Authority (NHA) over the parcels of land described This certifies that the Deed of Absolute Sale (DOAS) executed by Astrid Bernaldo-

below, to wit;

Date of January 2019 30 March 4, 2019 DOAS Maria T. Bernaldo represented by her Villanueva sole heir, sole heir, Bernaldo- Maria T. Bernaldo represented by her Villanueva Bernaldo- Landowner Name of Astrid Astrid Original/Transfer Certificate of Title Nos. Aggregate Area (sq. m.) per 17,898 TCT 7,967 Transferred Utilization 17,898 sq 7,102 sq for NHA Area m m. Brgy. Candelaria. New Washington. Brgy. Washington, Aklan New Candelaria. Aklan Location of Property/ies

which shall be used for the Olympus Residences 5, consisting of 320 housing units, located at Brgy. Candelaria, New Washington Site 6c, Aklan, a socialized housing project of the NHA under the NHA's Yolanda Permanent Housing Program, to be undertaken by Lak-k Builders Company, is not subject to capitai gains tax/creditable withholding tax, value-added tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109(i)(P) of the 1997 Tax Code, as amended.

It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the NHA without the Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under RMO No. 15-2003, shall "be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

be applied or are being applied to a socialized housing project pursuant to RA 7279. the Register of'Deeds having jurisdiction over the properties, to the effect that the same are to Upon application for exemption, a lien on the titles of the lands shall be annotated by

This Certificate of Tax Exemption 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 nuli and void.

Issued this day of JUN 0 4 2019

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Commissioner of Internal Revenue CAESAR R. DULAY

K-1 025996

1 Sole heir of Maria T. Bernaldo, the owner appearing in the titles of the property. This Certificat. of Tax Exemption does not cover exemption from estate tax due, if any, on the estate of Maria T. Bernaldo.