BIR Ruling No. 359-2022

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: NSH- 3_5_9 - 2 0 2 2 AUG 0 4_2Q27

CERTIFICATE OF TAX EXEMPTON

TO ALL WHOM IT MAY CONCERN:

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

February 21, 2022 Date The Joint Venture Corp. and Sanrho Premium Dev't. Builders, Inc. Landowner/ of Legazpi Name of Seller1 Certificate :Original of Title: No.2 (Sq.m.) Area Transferred (Sq. m.) Area Tiwi, Albay Location Biyong. Brgy.

pursuant to Sectioni i09 (1)(P) of the National Internai Revenue Code (Tax Code) of 1997, as Biyong, Tiwi, Albay under the Community Based Initiative Approach (CBIA) Program of the NHA,3 is not subject to capital gains tax and'documentary stamp tax pursuant to Sections Development Program Amendments) dated July 17, 2016, and to value-added tax (VAT) amended. which shall be used for the development of a socialized housing project located in Brgy. 19 and 20 of Repubic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing

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

1 Ms. Maribel M. Ralola is. the Authorized Managing Officer and the sole representative and signatory in all bids, contracts and other documents pertinent to the project as embodied in the Joint Venture Agreement dated December 17, 2019. 3 Per Certification of the NHA, Region V dated June 21, 2022. 2 This Certificate of Tax Exemption does not include exemption from the payment of capital gains tax and documentary stamp tax on the transfer of a portion of the property covered by Oct No. P-: between the registered owners, Spouses Gomercindo G. Aznar-and Eugenia P. Aznar and the Joint Venture of Legazpi Premium Development Corporation and Sanrho Builders, Inc. dated Februaiy 23, 2021. in the Deed of Absolute Sale executed by and

Page 2 of 2 National Housing. Authority/Legazpi: PremiumDev't. Corp.! Sanrho Builders, Inc -JV: CTE No%NSHj- 3 5 9 - 2 0 2 2 Date issued AUG_0 4 2022

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

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

Issued this. day of

: P + +- Commissioner of Internal Revenue LILIA CATRIS GULLERMO

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