BIR Ruling No. 676-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

OT-0676-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

favor of the City Government of Quezon City. over the parcel of land described below, to wit: This certifies that the Deed of Absolute Sale (DOAS) executed by the Landowner/s in

08. 2018 January Date of DOAS Francisco Calderon Reyes, married to Benilda S. Reyes Landowner/s Name of Certificate of Title (TCT) No. Transfer (Sq. m.) 2.000 Area Transferred (Sq. m.) 2.000 Area Barangay Baesa. Quezon City Location

that one of the contracting parties is the Government. tax pursuant to Section 20 of Republic Act (RA) No. 7279, as amended~by RA No. 10884 documentary stamp tax (DST) imposed under Section 196 of the National Internal Revenue Code of 1997, as amended, based on the actual consideration of the property transferred, considering which shall be used by the City Government of Quezon City on its socialized housing project intended for the benefit of on-site informal settler families (ISFs), is not subject to capital gains under Revenue Regulations (RR) No. 2-98; as amended. However, the sale is subject to (Balanced Housing Development Program Amendments) dated July 17, 2016, br withholding tax

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

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

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 DEC 2 3 2020

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KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 038826 O

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: Already in the name of the City Government of Quezon City under TCT No. Per Quezon City Resolution No. confirmed on August 7. 2017. approved by the City Counci! on Second Reading on July 17-2017 and was