BIR Ruling No. 366-2022

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No.

CmP- : : a - 2 037.

CERTJFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

by and between: This certifies that the Deed of Absolute Sale dated December 5, 2017, entered into

Name of Seller TIN Address

Cantilan Bank, Inc. Cantilan, Surigao Del Sur 8317 Orozco St., Magosilom

-and-

Name of Homeowners Association (HOA) TIN Address

RISING SUN HOMEOWNERS ASSOCIATION, INC

over the parcel of land described below, to wit:

Transfer Certificate of Title No. Total Area (sq.m.) Transferred (s.m.) Area of CMP (sq.m.) Location

Revenue Code (Tax Code) of 1997, as amended. being a Community Mortgage Program (CMP), is not subject to capital gains tax pursuant to Section 32 (b) of Republic 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

CAR. The CAR shall only be issued after the submission of the requirements provided under 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 Authorizing Registration (CAR) issued by this Bureau. In this regard, this Certificate shall be Revenue Memorandum Order (RMO) No. 15-2003. presented to the Revenue District Office (RDO) concerned in order for the latter to issue the It is, however, understood that this Certificate of Tax Exemption (CTE) is never

actual occupants of the property transferred under the CMP are qualified beneficiaries and therefore, the seller is entitled to exemption from capital gains tax or income tax imposed under Sections 24 (D)(1) and/or 27 (D)(5) of the Tax Code of i997, as amended. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the

Page 2 of 2 Rising Sun Homeowners Association, Inc. C Date Issued _AUG 2 2 2022 CTE No. CM& 3 6 6o2 8 2 2

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 AUG 2 2 2022

K-1-JAC Commissioner of Internal Revenue LLIA CATRISGUILLERMO A C.GYnALS 000803