BIR Ruling No. 262-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 262-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that the Deed of Absolute Sale executed by the Landowners in favor of the City Government of Tabaco, over the parcel of land described below, to wit:

December Absolute Date of Deed of 19,2016 Sale Cathy Sue U. Villanueva. Name of Landowners Dennis U. Villanueva. and Eric U. Villanueva Bryan U.Villanueva Certificate Transfer of Title (TCT) (Sq. m.) Area Transferred (Sq. m.) Area Socialized Area for Housing (Sq. m.) City. Albay Location Vicente. Tabaco San

housing project of Tabaco City, is not subject to capital gains tax, pursuant to Section 20 of in so far as the 150.000 sq. m. is concerned, which shall be used for the relocation/socialized consideration of the property transferred, considering that one of the contracting parties is the Republic Act (RA) No. 7279 or withholding tax under Revenue Regulations (RR) No. 2-98, as amended. However, the sale is subject to documentary stamp tax (DST) imposed under Section Government. 196 of the National Internal Revenue Code of. 1997, as amended, based on the actual

be applied or are being applied to relocation/socialized housing project pursuant to RA No. Register of Deeds (RD) having jurisdiction over the property, to the effect that the same are to 7279. Upon application for exemption, a lien on the title of the land shall be annotated by the

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

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

Issued this. day of FEB 2 3 2018

1otesan

KI-LMAT Commissioner of Internal Revenue CAESAR R.DULA B: 013568

Sanggunian Internal Resolution No. 312-2017 dated May 30, 2017