Certificate of Tax Exemption No. CMP-550-20

September 23, 2020 CERTIFICATE OF TAX EXEMPTION NO. CMP-550-20 CERTIFICATE OF TAX EXEMPTION issued to Name of Seller TIN Address AAA represented by BBB and CCC 000-000-000-000 _________________________________ -and- Name of Homeowners Association (HOA) TIN Address Villa Sta. Arcadia III Homeowners' Association, Inc. 000-000-000-000 Purok 1, Brgy. Sta. Arcadia, Cabanatuan City, Nueva Ecija 3100 This certifies that the Deed of Absolute Sale entered by the Seller and the HOA dated April 15, 2019 over a parcel of land described below, to wit: Transfer Certificate of Title Area (sq.m.) Transferred (sq.m.) Area of CMP (sq.m.) Location 0426-2016000312 18,473 15,849 15,849 Brgy. Sta. Arcadia, Cabanatuan City being a Community Mortgage Program (CMP), 1 is not subject to capital gains tax pursuant to Section 32 (b) of Republic Act (RA) No. 7279 or 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. ETHIDa 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. The Bureau of Internal Revenue (BIR) shall conduct verification and post-audit that the 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 1997 Tax Code, as amended. 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. ATICcS Issued this 23rd day of September, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Shall be proportionately distributed to the association's qualified member-beneficiaries. (See Annex)