Certificate of Tax Exemption No. NSH-403-2021
Certificate of Tax Exemption No. NSH-403-2021 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 3, 2021
Full text
November 3, 2021 CERTIFICATE OF TAX EXEMPTION NO. NSH-403-2021 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deed of Absolute Sale 1 executed by the Landowners in favor of the National Housing Authority (NHA) over the parcel of land described below, to wit: Name of Landowners Transfer Certificate of Title Aggregate Area (sq. m.) Area Transferred (sq. m.) Location AAA, BBB, CCC married to DDD, EEE, FFF, GGG, HHH, III, JJJ married to KKK, LLL married to MMM, NNN married to OOO, and PPP 090-2020008859 535 535 Banate, Iloilo for purposes of developing the same into a socialized housing project under the NHA's Yolanda Permanent Housing Program, 2 is not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 20l6 and to value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code of 1997, as amended. It is, however, understood that this Certificate of Tax Exemption (CTE) 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 NHA without the Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. 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 or is being applied to a socialized housing project pursuant to RA No. 7279. This CTE 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 3rd day of November, 2021. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Acknowledged by QQQ on March 15, 2021 in her capacity as Attorney-in-Fact of the Landowners (Annotated in TCT No. 090-2020008859 as Entry No. 2015010047 on October 06, 2015) and by the NHA on May 18, 2021. 2. Per NHA's Indorsement dated August 16, 2021.
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.