Certificate of Tax Exemption No. 1186-18

September 10, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1186-18 CERTIFICATE OF TAX EXEMPTION issued to Name of Vendors TIN Address AAA 000-000-000-000 _______________________________ BBB 000-000-000-000 _______________________________ CCC 000-000-000-000 __________________________ This certifies that the Deed of Absolute Sale dated August 15, 2016, executed by AAA, BBB and CCC in favor of: Name of Vendee TIN Address City Government of Panabo 000-000-000-000 National Highway, JP Laurel, Panabo City covering the following property: Original Certificate of Title No. Area (sq.m.) Area Transferred Location P-24921 22,680 21,937 Brgy. Quezon (San Francisco), Panabo City, Davao del Norte intended for socialized housing project of the City Government of Panabo, 1 is not subject to capital gains tax pursuant to Section 20 of Republic Act (RA) No. 7279. The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended. It is, however, understood that this Certificate of Tax Exemption 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 to register issued by this Bureau. In this regard, this Certificate shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. Upon application for exemption, a lien on the title of the land shall be annotated by the Register of Deeds having jurisdiction over the property, to the effect that the same is to be applied to socialized housing project pursuant to RA 7279. This Certificate 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 10th day of September, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Sangguniang Panlungsod Resolution No. 287, Series 2016.