Certificate of Tax Exemption No. CMP-469-20

August 18, 2020 CERTIFICATE OF TAX EXEMPTION NO. CMP-469-20 CERTIFICATE OF TAX EXEMPTION issued to Name of Vendor TIN Address AAA __________________________ This certifies that the Deed of Absolute Sale dated February 10, 2020 executed by AAA in favor of: Name of Vendee TIN Address SEA BREEZE HOMEOWNERS ASSOCIATION, INC. (SEBHOA) Sitio Kaimito, Miranda, Babak District, Island Garden City of Samal, Davao Del Norte covering the following property: Original Certificate of Title No. Area (sq. m.) Area Transferred Location 10,000 10,000 Miranda, Babak District, Island Garden City of Samal, Davao Del Norte which shall be used for resettlement area of informal settlers of Sitio Libudan, Purok 6, Brgy. Miranda, Babak, Island Garden City of Samal, under the Land Acquisition Project of Island Garden City of Samal for the benefit of the members of Sea Breeze Homeowners Association, Inc. , is not subject to capital gains tax/creditable withholding tax pursuant to Section 20 (d) of Republic Act (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992." The transaction is, however, subject to documentary stamp tax under Section 196 of the 1997 Tax Code, as amended, based on the actual consideration of the sale. 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 18th day of August, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue