Filinvest Land, Inc.

October 8, 2008 BIR RULING [DA-(JV-034) 281-08] Sec. 22; Joint Venture Filinvest Land, Inc. 173 P. Gomez Street San Juan, Metro Manila Attention: Atty. Andrew James Gerard D. Ruiz Tax Counsel Gentlemen : This refers to your letter dated April 24, 2007 requesting confirmation of the various tax consequences arising from a Joint Venture Agreement for construction purposes, between Filinvest Land, Inc. and Princess Realty Development Corporation. It is represented that Filinvest Land, Inc. ("FLI" for brevity) is a corporation duly organized and existing under the laws of the Republic of the Philippines, engaged in the business of acquiring, developing, selling, mortgaging, exchanging and leasing real estate of all kinds, including, among others, residential subdivisions. On the other hand, Princess Realty Development Corporation ("PRDC" for brevity), is a corporation duly organized and existing under the laws of the Republic of the Philippines, and is the absolute and registered owner of several parcels of land located in Barrio San Miguel, Puerto Princesa City, Palawan, with an aggregate area of 53,943 square meters, more or less, specifically the lots indicated in the Schedule attached to this ruling, herein referred to as Annex "A" (hereinafter collectively referred to as the "Properties"). STEacI On February 7, 2007, FLI, as the developer, agreed to undertake a joint venture with PRDC for the subdivision and horizontal development of the real property abovementioned. PRDC would contribute the abovementioned real properties to the joint venture undertaking, while FLI would undertake to develop said real properties. The salient portions of the joint venture are as follows: 1. FLI shall undertake the subdivision and horizontal development of the subject real property, which development shall include improvements and facilities as agreed upon; EcTIDA 2. FLI shall shoulder all the equipment, engineering, materials, supplies and labor expenses incurred relative to the subdivision and horizontal development of the said real property; 3. For and in consideration of the development obligations and undertakings it will assume, FLI will receive Fifty percent (50%) of the saleable lots which shall result from said subdivision and horizontal development. The remaining Fifty percent (50%) shall be for PRDC. In view of the foregoing, you are requesting confirmation of your opinion as follows: 1. The Development Agreement between FLI and PRDC, for the subdivision and horizontal development of the abovementioned Properties located in Barrio San Miguel, Puerto Princesa City, Palawan, into a residential subdivision, will not give rise to a taxable joint venture as provided under Section 22 (B), in relation to Section 27 (A), both of the National Internal Revenue Code (NIRC), as amended; CTSHDI 2. The allocation of saleable lots between FLI and PRDC in consideration of their respective contributions, to be stipulated in the Development Agreement, is not a taxable event and is not subject to income tax, and subsequently withholding tax, and the Value-Added Tax (VAT), since the allocation of saleable lots is in fact a mere return of capital that each has contributed; 3. The Partition Agreement whereby FLI and PRDC shall allocate unto each other their share in the saleable lots in consideration of their respective contributions, is not subject to the Documentary Stamp Tax (DST) imposed under Section 196 of the Tax Code of 1997, as amended, nor to any income tax, and consequently withholding tax, since the allocation is made without monetary consideration and is not in connection with a sale. Rather, the partition is made merely to segregate the saleable lots between the parties, as the return of the capital which each contributed. However, it is understood that should FLI and/or PRDC sell any of the saleable lots allocated to them, to third parties, the gain that may be realized from said sale will be subject to regular (corporate) income tax at 35%, in accordance with Section 27 (A) of the Tax Code of 1997, as amended, and consequently to withholding tax as implemented under Revenue Regulations (RR) No. 2-98, as amended. In reply, please be informed as follows: Section 22(B) of the Tax Code of 1997, as amended, states as follows: "Section 22. Definitions . When used in this Title: xxx xxx xxx (B) The term 'corporation' shall include partnerships, no matter how created or organized, joint-stock companies, joint accounts (cuentas en participacion) , associations, or insurance companies but does not include general professional partnerships and a joint venture or consortium formed for the purpose of undertaking construction projects or engaging in petroleum, coal, geothermal and other energy operations pursuant to an operating or consortium agreement under a service contract with the Government. 'General professional partnerships' are partnerships formed by persons for the sole purpose of exercising their common profession, no part of the income of which is derived from engaging in any trade or business." (Emphasis supplied) The abovementioned exemption was initiated under Presidential Decree (P.D.) No. 929, dated May 4, 1976, which amended the definition of a "taxable" corporation in the Tax Code, as amended, to specifically exclude joint ventures formed for the purpose of undertaking construction projects. Said P.D. instituted the amendment of the definition of the term "taxable" corporation in recognition of the following situations: (1) Local contractors contribute substantially to the development program of the country; (2) Local contractors are at a disadvantage in competitive bidding with foreign contractors in view of limited capital and financial resources; (3) In order to be able to compete with big foreign contractors, it may be necessary for local contractors to enter into joint ventures to pool, their limited resources in undertaking big construction projects. Hence, to assist the local contractors in achieving competitiveness with foreign contractors, the joint ventures formed by said local contractors were thus deemed as not falling under the definition of a "taxable" corporation, and thus not subject to income tax. This was, and still is, the intention of the legislature. Such being the case, the Development Agreement entered into by and between FLI and PRDC is not subject to the income tax under Section 27 (A) of the Tax Code of 1997, as amended. Moreover, the allocation of the saleable lots between FLI and PRDC, which is done effectively in consideration of their respective contributions, does not constitute a taxable event, as no income is actually realized by either FLI and/or PRDC. The Partition Agreement or Deed of Allocation will be executed without consideration, and will not be in connection with any sale between the said parties. As has been ruled by the BIR on numerous occasions, income, in a broad sense, means all wealth which flows into the taxpayer other than as a mere return of capital (Section 36, RR No. 2) . FLI and PRDC, both having contributed to the development of the aforementioned real property, did not realize any income upon the allocation of the saleable lots. Hence, the allocation of lots arising from the Partition Agreement is not subject to income tax, and consequently, to withholding tax. The said allocation, likewise, is not subject to VAT. Under Section 105 of the Tax Code of 1997, as amended, any person who, in the course of trade or business, sells, barters, exchanges, leases goods or properties, renders services and any person who imports goods shall be subject to VAT. However, by contributing its parcel of land, PRDC neither sells, barters, exchanges goods, property nor renders services to be subject to VAT. (BIR Ruling No. DA-240-2001 dated November 16, 2001; BIR Ruling No. DA-115-2001 dated September 5, 2001). TaDAHE FLI and/or PRDC will only realize income upon their respective sales of the saleable lots allocated to each of them. In this regard, said sales to third parties, if ever undertaken, would be subject to regular (corporate) income tax at the rate of 35%, in accordance with Section 27 (A) of the 1997 Tax Code, as amended, and consequently to withholding tax as implemented under Revenue Regulations (RR) No. 2-98, as amended. The said sales by the juridical entities (FLI and/or PRDC) to third parties would likewise be subject to the VAT at the rate of 12%, in accordance with Sections 106 and 109 of the 1997 Tax Code, as amended, and to the Documentary Stamp Tax (DST) at the rate of fifteen pesos (P15.00) for each one thousand pesos (P1,000.00), or fractional part thereof in excess of one thousand pesos (P1,000.00) of such consideration or value, in accordance with Section 196 of the 1997 Tax Code, as amended. Further, the Partition Agreement or Deed of Allocation whereby FLI and PRDC will allocate unto each other their share in the saleable lots in consideration of their respective contributions, is not subject to the DST imposed under Section 196 of the 1997 Tax Code, as amended, considering that, as stated earlier, the allocation shall be made without monetary consideration and is not in connection with a sale. In this regard, Section 185 of the Revised Documentary Stamp Tax Regulations (Regulations No. 26)provides that "conveyances of realty not in connection with a sale, to trustees or other persons without consideration are not taxable". Accordingly, since the aforementioned Partition Agreement and/or Deed of Allocation will be executed without consideration and were not in connection with a sale between FLI and PRDC, no DST therefore is due and collectible on said Partition Agreement and/or Deed of Allocation. However, the notarial acknowledgment to said Partition Agreement shall be subject to the DST pursuant to Section 188 of the 1997 Tax Code, as amended, in the amount of P15.00. aHTEIA In connection with the above construction undertaking, the Joint Venture and the co-venturers are hereby required to register with the Revenue District Office where their principal place of business is located. Moreover, this will authorize the Revenue District Officer (RDO) of the revenue district where the property is located to issue the corresponding Certificate Authorizing Registration (CAR) and Tax Clearance Certificate (TCL) involving the transfer of the title to the parties based on their respective allocations pursuant to the Deed of Partition, without need of presentation of proof of payment of the creditable withholding tax, value-added tax and the corresponding documentary stamp tax. Provided, that the parties to the joint venture shall cause the Register of Deeds to annotate on the TCTs that a development project is being undertaken on the land and is the object of the joint venture agreement between the parties, and that the joint venture is held to be a tax-exempt entity pursuant to this Ruling issued by this Office. Provided further, that parties to the joint venture shall inform the Bureau of Internal Revenue, through the Law Division, of the fulfillment of the requirement on the distribution of the developed/saleable lots in accordance with the allocation ratio in the JVA. For this purpose, a compliance report of the project indicating the number of lots developed, the respective TCTs and the party in whose name the corresponding title was issued. (BIR Ruling No. DA-373-2008 dated June 19, 2008) IaECcH This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered null and void. Very truly yours, Commissioner of Internal Revenue By: (SGD.) JAMES H. ROLDAN Assistant Commissioner Legal Service ANNEX A Consolidation Name: Princess Realty Development Corporation Blk. No. Lot No. TCT. No. Brgy. City Province Area Sq. m. Owner 1 1 29092 San Miguel Puerto Princesa Palawan 1,638 PRDC 1 2 15770 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 3 15771 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 4 15772 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 5 15773 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 6 15774 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 7 15775 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 8 15776 San Miguel Puerto Princesa Palawan 1,000 PRDC 1 9 15777 San Miguel Puerto Princesa Palawan 1,207 PRDC 2 1 15778 San Miguel Puerto Princesa Palawan 568 PRDC 2 2 15779 San Miguel Puerto Princesa Palawan 225 PRDC 2 4 15808 San Miguel Puerto Princesa Palawan 202 PRDC 2 5 15809 San Miguel Puerto Princesa Palawan 204 PRDC 2 7 15811 San Miguel Puerto Princesa Palawan 201 PRDC 2 8 15812 San Miguel Puerto Princesa Palawan 198 PRDC 2 9 15813 San Miguel Puerto Princesa Palawan 196 PRDC 2 11 15815 San Miguel Puerto Princesa Palawan 192 PRDC 2 12 15816 San Miguel Puerto Princesa Palawan 190 PRDC 2 13 15817 San Miguel Puerto Princesa Palawan 189 PRDC 2 14 15806 San Miguel Puerto Princesa Palawan 191 PRDC 2 15 15807 San Miguel Puerto Princesa Palawan 194 PRDC 2 16 15818 San Miguel Puerto Princesa Palawan 195 PRDC 2 17 15819 San Miguel Puerto Princesa Palawan 198 PRDC 2 18 15820 San Miguel Puerto Princesa Palawan 200 PRDC 2 19 15821 San Miguel Puerto Princesa Palawan 202 PRDC 2 20 15822 San Miguel Puerto Princesa Palawan 205 PRDC 2 21 15823 San Miguel Puerto Princesa Palawan 207 PRDC 2 22 15824 San Miguel Puerto Princesa Palawan 203 PRDC 2 23 15825A San Miguel Puerto Princesa Palawan 212 PRDC 2 24 15825 San Miguel Puerto Princesa Palawan 214 PRDC 2 25 15826 San Miguel Puerto Princesa Palawan 301 PRDC 3 3 15829 San Miguel Puerto Princesa Palawan 150 PRDC 3 4 15830 San Miguel Puerto Princesa Palawan 200 PRDC 3 5 15831 San Miguel Puerto Princesa Palawan 150 PRDC 3 7 15833 San Miguel Puerto Princesa Palawan 150 PRDC 3 8 15834 San Miguel Puerto Princesa Palawan 200 PRDC 3 9 15835 San Miguel Puerto Princesa Palawan 150 PRDC 3 11 15837 San Miguel Puerto Princesa Palawan 150 PRDC 3 12 15838 San Miguel Puerto Princesa Palawan 200 PRDC 3 13 15839 San Miguel Puerto Princesa Palawan 150 PRDC 3 15 15841 San Miguel Puerto Princesa Palawan 150 PRDC 3 16 15842 San Miguel Puerto Princesa Palawan 200 PRDC 3 17 15843 San Miguel Puerto Princesa Palawan 150 PRDC 3 18 15844 San Miguel Puerto Princesa Palawan 200 PRDC 3 19 15845 San Miguel Puerto Princesa Palawan 150 PRDC 3 20 15846 San Miguel Puerto Princesa Palawan 200 PRDC 3 21 15847 San Miguel Puerto Princesa Palawan 150 PRDC 3 22 15848 San Miguel Puerto Princesa Palawan 200 PRDC 3 23 15849 San Miguel Puerto Princesa Palawan 150 PRDC 3 24 15850 San Miguel Puerto Princesa Palawan 200 PRDC 3 25 15851 San Miguel Puerto Princesa Palawan 150 PRDC 3 26 15852 San Miguel Puerto Princesa Palawan 200 PRDC 3 27 15853 San Miguel Puerto Princesa Palawan 150 PRDC 3 28 15854 San Miguel Puerto Princesa Palawan 200 PRDC 3 29 15855 San Miguel Puerto Princesa Palawan 150 PRDC 3 30 15856 San Miguel Puerto Princesa Palawan 200 PRDC 3 31 15857 San Miguel Puerto Princesa Palawan 150 PRDC 3 32 15858 San Miguel Puerto Princesa Palawan 200 PRDC 3 34 15860 San Miguel Puerto Princesa Palawan 169 PRDC 3 35 15861 San Miguel Puerto Princesa Palawan 180 PRDC 4 1 15862 San Miguel Puerto Princesa Palawan 114 PRDC 4 2 15863 San Miguel Puerto Princesa Palawan 180 PRDC 4 3 15864 San Miguel Puerto Princesa Palawan 100 PRDC 4 4 15865 San Miguel Puerto Princesa Palawan 150 PRDC 4 5 15866 San Miguel Puerto Princesa Palawan 35 PRDC 4 7 15868 San Miguel Puerto Princesa Palawan 100 PRDC 4 8 15869 San Miguel Puerto Princesa Palawan 150 PRDC 4 9 15870 San Miguel Puerto Princesa Palawan 100 PRDC 4 10 15871 San Miguel Puerto Princesa Palawan 150 PRDC 4 11 15872 San Miguel Puerto Princesa Palawan 100 PRDC 4 12 15873 San Miguel Puerto Princesa Palawan 150 PRDC 4 13 15874 San Miguel Puerto Princesa Palawan 100 PRDC 4 14 15875 San Miguel Puerto Princesa Palawan 150 PRDC 4 15 15876 San Miguel Puerto Princesa Palawan 100 PRDC 4 16 15877 San Miguel Puerto Princesa Palawan 150 PRDC 4 17 15878 San Miguel Puerto Princesa Palawan 100 PRDC 4 18 15879 San Miguel Puerto Princesa Palawan 150 PRDC 4 19 15880 San Miguel Puerto Princesa Palawan 100 PRDC 4 20 15881 San Miguel Puerto Princesa Palawan 150 PRDC 4 21 15882 San Miguel Puerto Princesa Palawan 100 PRDC 4 22 15883 San Miguel Puerto Princesa Palawan 150 PRDC 4 23 15884 San Miguel Puerto Princesa Palawan 100 PRDC 4 24 15798 San Miguel Puerto Princesa Palawan 150 PRDC 4 25 15799 San Miguel Puerto Princesa Palawan 100 PRDC 4 26 15800 San Miguel Puerto Princesa Palawan 150 PRDC 4 27 15801 San Miguel Puerto Princesa Palawan 100 PRDC 4 28 15802 San Miguel Puerto Princesa Palawan 150 PRDC 4 29 15803 San Miguel Puerto Princesa Palawan 100 PRDC 4 30 15804 San Miguel Puerto Princesa Palawan 150 PRDC 4 31 15805 San Miguel Puerto Princesa Palawan 113 PRDC 4 32 16434 San Miguel Puerto Princesa Palawan 203 PRDC 5 1 16435 San Miguel Puerto Princesa Palawan 109 PRDC 5 2 16436 San Miguel Puerto Princesa Palawan 118 PRDC 5 3 16437 San Miguel Puerto Princesa Palawan 100 PRDC 5 4 16438 San Miguel Puerto Princesa Palawan 100 PRDC 5 5 16439 San Miguel Puerto Princesa Palawan 100 PRDC 5 6 16440 San Miguel Puerto Princesa Palawan 100 PRDC 5 7 16441 San Miguel Puerto Princesa Palawan 100 PRDC 5 8 16442 San Miguel Puerto Princesa Palawan 100 PRDC 5 9 16443 San Miguel Puerto Princesa Palawan 100 PRDC 5 10 16454 San Miguel Puerto Princesa Palawan 100 PRDC 5 11 16455 San Miguel Puerto Princesa Palawan 100 PRDC 5 12 16456 San Miguel Puerto Princesa Palawan 100 PRDC 5 13 16457 San Miguel Puerto Princesa Palawan 100 PRDC 5 14 16458 San Miguel Puerto Princesa Palawan 100 PRDC 5 15 16459 San Miguel Puerto Princesa Palawan 100 PRDC 5 16 16460 San Miguel Puerto Princesa Palawan 100 PRDC 5 17 16461 San Miguel Puerto Princesa Palawan 100 PRDC 5 18 16462 San Miguel Puerto Princesa Palawan 100 PRDC 5 19 16463 San Miguel Puerto Princesa Palawan 100 PRDC 5 20 16444 San Miguel Puerto Princesa Palawan 100 PRDC 5 21 16445 San Miguel Puerto Princesa Palawan 100 PRDC 5 22 16446 San Miguel Puerto Princesa Palawan 100 PRDC 5 23 16447 San Miguel Puerto Princesa Palawan 100 PRDC 5 24 16448 San Miguel Puerto Princesa Palawan 100 PRDC 5 25 16449 San Miguel Puerto Princesa Palawan 1,419 PRDC 6 1 16450 San Miguel Puerto Princesa Palawan 109 PRDC 6 3 16452 San Miguel Puerto Princesa Palawan 100 PRDC 6 5 16464 San Miguel Puerto Princesa Palawan 100 PRDC 6 6 16465 San Miguel Puerto Princesa Palawan 100 PRDC 6 7 16466 San Miguel Puerto Princesa Palawan 100 PRDC 6 8 16467 San Miguel Puerto Princesa Palawan 100 PRDC 6 9 16468 San Miguel Puerto Princesa Palawan 100 PRDC 6 10 16469 San Miguel Puerto Princesa Palawan 100 PRDC 6 11 16470 San Miguel Puerto Princesa Palawan 100 PRDC 6 12 16471 San Miguel Puerto Princesa Palawan 100 PRDC 6 13 16472 San Miguel Puerto Princesa Palawan 100 PRDC 6 14 16473 San Miguel Puerto Princesa Palawan 100 PRDC 6 15 16474 San Miguel Puerto Princesa Palawan 100 PRDC 6 16 16475 San Miguel Puerto Princesa Palawan 100 PRDC 6 17 16476 San Miguel Puerto Princesa Palawan 100 PRDC 6 18 16477 San Miguel Puerto Princesa Palawan 100 PRDC 6 19 16478 San Miguel Puerto Princesa Palawan 100 PRDC 6 20 16481 San Miguel Puerto Princesa Palawan 100 PRDC 6 21 16482 San Miguel Puerto Princesa Palawan 102 PRDC 6 22 16483 San Miguel Puerto Princesa Palawan 101 PRDC 7 2 16485 San Miguel Puerto Princesa Palawan 158 PRDC 7 3 16486 San Miguel Puerto Princesa Palawan 165 PRDC 7 4 16487 San Miguel Puerto Princesa Palawan 100 PRDC 7 5 16488 San Miguel Puerto Princesa Palawan 200 PRDC 7 6 16489 San Miguel Puerto Princesa Palawan 100 PRDC 7 7 16490 San Miguel Puerto Princesa Palawan 200 PRDC 7 8 16491 San Miguel Puerto Princesa Palawan 100 PRDC 7 9 16492 San Miguel Puerto Princesa Palawan 200 PRDC 7 10 16493 San Miguel Puerto Princesa Palawan 100 PRDC 7 11 16494 San Miguel Puerto Princesa Palawan 200 PRDC 7 12 16495 San Miguel Puerto Princesa Palawan 100 PRDC 7 13 16496 San Miguel Puerto Princesa Palawan 200 PRDC 7 14 16497 San Miguel Puerto Princesa Palawan 100 PRDC 7 15 16498 San Miguel Puerto Princesa Palawan 200 PRDC 7 16 16570 San Miguel Puerto Princesa Palawan 100 PRDC 7 17 16508 San Miguel Puerto Princesa Palawan 200 PRDC 7 18 16509 San Miguel Puerto Princesa Palawan 100 PRDC 7 19 16510 San Miguel Puerto Princesa Palawan 200 PRDC 7 20 16511 San Miguel Puerto Princesa Palawan 100 PRDC 7 21 16512 San Miguel Puerto Princesa Palawan 200 PRDC 7 22 16513 San Miguel Puerto Princesa Palawan 100 PRDC 7 23 16514 San Miguel Puerto Princesa Palawan 200 PRDC 7 24 16515 San Miguel Puerto Princesa Palawan 214 PRDC 7 25 16516 San Miguel Puerto Princesa Palawan 195 PRDC 7 26 16517 San Miguel Puerto Princesa Palawan 167 PRDC 8 1 16518 San Miguel Puerto Princesa Palawan 244 PRDC 8 2 16519 San Miguel Puerto Princesa Palawan 200 PRDC 8 3 16520 San Miguel Puerto Princesa Palawan 200 PRDC 8 4 16521 San Miguel Puerto Princesa Palawan 200 PRDC 8 5 16522 San Miguel Puerto Princesa Palawan 200 PRDC 8 6 16523 San Miguel Puerto Princesa Palawan 200 PRDC 8 7 16524 San Miguel Puerto Princesa Palawan 200 PRDC 8 8 16525 San Miguel Puerto Princesa Palawan 200 PRDC 8 9 16526 San Miguel Puerto Princesa Palawan 200 PRDC 8 10 15527 San Miguel Puerto Princesa Palawan 200 PRDC 8 11 16528 San Miguel Puerto Princesa Palawan 200 PRDC 8 12 16529 San Miguel Puerto Princesa Palawan 200 PRDC 8 13 16530 San Miguel Puerto Princesa Palawan 200 PRDC 8 14 16531 San Miguel Puerto Princesa Palawan 200 PRDC 8 15 16532 San Miguel Puerto Princesa Palawan 200 PRDC 8 16 16533 San Miguel Puerto Princesa Palawan 309 PRDC 9 1 16534 San Miguel Puerto Princesa Palawan 196 PRDC 9 2 16535 San Miguel Puerto Princesa Palawan 194 PRDC 9 3 16536 San Miguel Puerto Princesa Palawan 200 PRDC 9 4 16537 San Miguel Puerto Princesa Palawan 150 PRDC 9 5 16538 San Miguel Puerto Princesa Palawan 200 PRDC 9 6 16539 San Miguel Puerto Princesa Palawan 150 PRDC 9 7 16540 San Miguel Puerto Princesa Palawan 200 PRDC 9 8 16541 San Miguel Puerto Princesa Palawan 150 PRDC 9 9 16542 San Miguel Puerto Princesa Palawan 200 PRDC 9 10 16543 San Miguel Puerto Princesa Palawan 150 PRDC 9 11 16544 San Miguel Puerto Princesa Palawan 200 PRDC 9 12 16545 San Miguel Puerto Princesa Palawan 150 PRDC 9 13 16546 San Miguel Puerto Princesa Palawan 200 PRDC 9 14 16547 San Miguel Puerto Princesa Palawan 150 PRDC 9 15 16548 San Miguel Puerto Princesa Palawan 200 PRDC 9 16 16549 San Miguel Puerto Princesa Palawan 150 PRDC 9 17 16550 San Miguel Puerto Princesa Palawan 200 PRDC 9 18 16551 San Miguel Puerto Princesa Palawan 150 PRDC 9 19 16552 San Miguel Puerto Princesa Palawan 200 PRDC 9 20 16553 San Miguel Puerto Princesa Palawan 150 PRDC 9 21 16554 San Miguel Puerto Princesa Palawan 200 PRDC 9 22 16555 San Miguel Puerto Princesa Palawan 150 PRDC 9 23 16556 San Miguel Puerto Princesa Palawan 200 PRDC 9 24 16557 San Miguel Puerto Princesa Palawan 150 PRDC 9 25 16558 San Miguel Puerto Princesa Palawan 200 PRDC 9 26 16559 San Miguel Puerto Princesa Palawan 150 PRDC 9 27 16560 San Miguel Puerto Princesa Palawan 200 PRDC 9 28 16561 San Miguel Puerto Princesa Palawan 150 PRDC 9 29 16562 San Miguel Puerto Princesa Palawan 200 PRDC 9 30 16563 San Miguel Puerto Princesa Palawan 241 PRDC 9 31 16564 San Miguel Puerto Princesa Palawan 191 PRDC Road Lot 1 29095 San Miguel Puerto Princesa Palawan 4,744 PRDC Road Lot 2 17282 San Miguel Puerto Princesa Palawan 1,153 PRDC Road Lot 3 17283 San Miguel Puerto Princesa Palawan 1,056 PRDC Road Lot 4 17284 San Miguel Puerto Princesa Palawan 933 PRDC Road Lot 5 17285 San Miguel Puerto Princesa Palawan 936 PRDC Road Lot 6 San Miguel Puerto Princesa Palawan 2,731 PRDC Gate Road 29093 San Miguel Puerto Princesa Palawan 82 PRDC Total Gross Area 53,943 - 53,943 Area for Development 53,943 53,943