BIR Ruling No. 522-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Cerificat Ta Exmption NCH 0522 X No.

CERTIFICATE OF TAX EXEMPTION

favor of the National Housing Authority (NHA) over the parcels of land described below, to wit; This certifies that theDeeds of Absolute Sale (DOAS) executed by the Landowners in

Date of Deed of Absolute Sale Landowner/s Name of Certificate of Title Original Area (sq. m.) Aggregate Transferred Area Location

August 25, 2020 August 25, 2020 Federico Ruiz, Jr. Patria B.Bandoja Nols. (sq.m.) Norte, Tibiao Brgy. San Francisco Antique

withholding tax/capital gains"tax, documentary stamp tax and value-added tax pursuant ConstructorsInc.ShalomConstructionInc.JV, are not subject. to creditable to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code which shall be used for the San Francisco Norte People's Village, consisting of 1,200 housing units located in the Municipality of Tibiao, Antique, a socialized housing project of the NHA under its Typhoon Permanent Housing Program, to be undertaken by R.R. Encabo of 1997, as amended.

Revenue District Office (RDO) concerned in order for the latter to issue the CAR. 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. i5-2003, shall be presented to the It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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

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

Issued this day of_SEP 15 2020

a

Commissioner of Internal Revenue CAESAR R.DULAY

K-1 036704