BIR Ruling No. 273-2021

RETUBLIC OF THF PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No. Ci[-273-2021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN

by and between: This certifies that the Deed of Absolute Sale dated August 17. 2020. entered into

Name of Seller. TIN Address CITY GOVERNMENT Of butuan City Hall Compound. Brgy. Doongan. Butuan City 8600

-and-

HOMEOWNERS ASSOCIATION. INC Name of Homeowners Association UNITED VILLE (HOA) TIN Purok 25 Baan Km. 3 Butuan City_8600 Address

over the parcel of land described below, to wit:

Transfer Certificate of 'Title No. Total Area (sq.m.) 20.000 Transferred (sq.m: 20.000 Area of CMP (sg.m.) 20.000 Brgy. Baan. Butuan City Location

being a Community Mortgage Program (CMP). is not subject to capital gains tax pursuant to Section 32 (b) of Repubiic Act (RA) No. 7279. as amended by RA No. 10884. The transaction is. however, subject to documentary stamp tax under Section 196 of the National Internal Revenue Code (Tax Code) of l997, as amended.

It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended and shall not be 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 (CAR) issued by this Bureau. In this regard. this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the fatter to issue the CAR. The CAR

Memorandum Order (RMO) No. 15-2003. shall only be issued after the submission of the requirements provided under Revenue

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

Sections 24 (D)(1) and/or 27 (D)(5) of the Tax Code of i997. as amended. therefore, the seller is entitled to exemption from capital gains tax or income tax imposed under

This CTE 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 1IM

K-I -JAC Commissioner.of Interna! Revenue CAESAR R. DULAY C