BIR Ruling No. 305-2020

REPUBLICOFTHE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No CM-0305-Z02

CERTIFICATE OF TAX EXEMPTION JUN 08 2020

issued to

Evonie Joie T.Chiu Name of Seller TIN Rizal Avenue Puerto Princesa City, Palawan Address

-and

Name of Homeowners Association (HOA Centro-1, Sta. Lourdes Homeowners Association, Inc. TIN Purok Centro-1, Brgy, Sta. Lourdes, Puerto Princesa City Palawan Address

over a parcel of land described below, to wit; This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated May 30,2018

Transfer Certificate of Title No. 30,993 (sq.m.) Area ed (sq.m.) Transferr 26,954 Area of CMP (sg.m. 26,954 Brgy.Sta. Lourdes formerly Tagburos, Puerto Princesa City,Palawan Location

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

construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this 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 (RMO)No.15-2003. regard, this Certificate shall be presented to the Revenue District Office (RDO concerned in order for the It is,however, understood that this Certificate of Tax Exemption is never intended and shall not be

occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is The Bureau of Internal Revenue (BIR shall conduct verification and post-audit that the actual

the 1997 Tax Code,as amended. entitled to exemption from capital gains tax or income tax imposed under Sections 24(D1and/or 27(D5)

This Certificate 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 null and void.

Issued this day of JUN 0 8 2020

Maar

K-M Commissioner of Internal Revenue CAESARRDULAY 035097

1 Shall be proportionately distributed to the association's qualiffed member-beneficlaries (See Annex)