Certificate of Tax Exemption No. PSH-007-21

January 18, 2021 CERTIFICATE OF TAX EXEMPTION NO. PSH-007-21 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deed of Absolute Sale (DOAS) with Donation and Acceptance executed by the Landowner in favor of the City Government of Quezon City over the parcels of land described below, to wit: HTcADC Date of Deed of Absolute Sale with Donation and Acceptance Name of Vendor/ Donor Transfer Certificate of Title Nos. Area (Sq. m.) Area Transferred (Sq. m.) Location December 9, 2020 Kanejin Corporation N-218064 56,787 (by sale) 52,403 Brgy. Payatas, Quezon City (by donation) 4,384 N-218231 20,000 (by sale) 12,622 Brgy. Payatas, Quezon City (by donation) 7,378 Total 76,787 which shall be used by the City Government of Quezon City intended for the development of a socialized housing project for the benefit of Quezon City Informal Settlers Families (ISFs), is not subject to capital gains tax/creditable withholding tax and donor's tax pursuant to Section 20 (d) (2) and (d) (5) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016. The transaction is, however, subject to documentary stamp tax under Section 196 of the National Internal Revenue Code of 1997, as amended, based on the actual consideration of the property transferred considering that one of the parties is the Government. It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer/donee without the necessary 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 titles of the lands, shall be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA 7279. This Certificate of Tax Exemption 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 January, 2021. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue