BIR Ruling No. 425-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Certificate of Tax Exemption No. 425-2017

CERTIFICATE OF TAX EXEMPTION

Issucd to Name of Seller TN Address Pena Development Coinpany Inc. Sicsican. Puerto Princesa. Pa{awan

.and-

City Government of Puerto Princesa Name of Buye? TEN Puerto Princesa City Address

buyer dated July 20, 2016 over thc parceis of land described below. to wit: This certifies that the Deed ot' Absolute Sale entered by the Seller and the

Certificate of Title Nos. Transfer Area (sc.m.) 33.S0 4.562 Transferred (q s.) 3 3.5 :c :5 Consideration (Ph P) Brgy. Sicsican. Puerto Princesa Location City

which shall he used in a socialized lio'ising project' for the rclocation site of the families affected by Coastal Renewal Project of the City Gevernment of Puerto City of Puerto Princesa, is exempt fror the payment of capital gains tax or the Princesa pursuant to Resoluticn No. withholding tax and value-added tax oursuant to Seetion 20 (d) of Republic Act transaction is, however, subject to deruuentary stanp tax imposcd under Section (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended. The 196 ot the same Code. of the Sungguniang Pan:ungsod of the

never intended and shall not be cor:sre as giving authority to the concerned It is, however, understood tha: ihis Certificatc of Tax lixemption (CTE) is

Register of Deeds to effect transfer of the iand title :n the name of the buyer without

this CTE shall be presented to the Revertue District Office (RI)O) coneerned in order for the latter to issue the Certificate Autt&-izing Registration (CAR). The CAR shall the necessary cerlificate of authority t:y regis:er issued by this Bureau. fn this regard.

only be issued after the sutmission ef :he requirements provided under Revenuc Memorandum Order (RMO) No. 15-200:

: See Annex list of beneficiaries

Pena Development Compamy Inc. Page 2 of 2 #425-2017 9-6-2017

annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to socialized housing project pursuant to RA 7279. Upon application for exemption, a lien on the titles of the land shall be

represented and submitted. However, if upon investigation, the BIR asccrtains that the facts are different, then this Certificate shall be considered null and void. This CTE is being issued on thc basis of thc facts and documcnts as

Issued this. day of

K-1-JRC Commissioner of Internal Revenue CAESAR R. DULAY

Deputy Commissioner CELIA C. KINGS Ws c

Resource Management Group

Officer-In-Charge