BIR Ruling No. 554-2020

REPUBLICOFTHE PHILIPPINES

H BUREAU OFINTERNAL REVENUE DEPARTMENT OF FINANCE OuezonCify

CMP-'554-2020 Certificate of Tax Exemption No.

CERTIFICATE OF TAX EXEMPTION

issued to

Name of Seller TN Address

R.G.G.FARMS CORPORATION No. 27 Aguinaldo St., Brgy 4, Bacolod City 6100

-and-

Name of Homeowners Association (HOA) TIN Address

MA.TERESA REGALADO GUANZON HOMEOWNERS ASSOCIATION, INC. Purok Guanzon, Mansilingan, Bacolod City 6100

January 16, 2019, over the parcels.of land'described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA, dated

Transfer CertificateTotal AreaTransferred]Area of CMP of Title Nos. (sq.m.) (sq.m.) (sq.m.) Location

Purok Guanzon, Mansilingan, Bacolod City 6100

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

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 only be issued after the submission of the requirements provided under Revenue Memorandum Order not be construed as giving authority to the.concerned Register of Deeds to effect transfer of the land (RMO) No.15-2003. It is, however, understood that this Certificateof Tax Exemption is never intended and shal!

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 (D1) and/or 27 (D)(5) of the 1997 Tax Code, as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the actual

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

Issued this day of SEP 2 3 2020

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K-1-JAC Commissioner of Internai Revenue CAESAR R.DULAY 036750