BIR Ruling No. 627-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 627-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM I'T MAY CONCERN:

This certifies that PERSAN CONSTRUCTION, INC, (TIN: ), an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT). pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit:

May 19, 2017 Notice of Award Date of Agreement August 14. Contract Date of 201'7 Contract Price (Php) Project Name Village Phase Peopie's Banate Brgy. Carmelo. Banate, Ioito Location No. of Socialized Housing Units Suhject of tax exemption 5 14

project, since VAT is an indirect tax which can be passed on by the setler of the goods/services. shall be subject to VAT, even if the said purchases are to be used for the socialized housing However, the purchases of goods/articles by PERSAN CONSTRUCTION, INC.

It shall be understood that PERSAN CONSTRUCTION, INC. must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project.

Moreover, the Deed of Absolute Sale/ Unilateral Sate Exeruted by the Landowner in favor of the NHA over the parcel of land described below, to wit:

Date of Deed Unilateral of Sale/ Sale Landowner/Seler Name of Certificate of Title Transfer No. (Sq..) Area Transferred Area Location

September 5. 2017 Elisa A. Caliston 45.294 42, 9 Brsy Carmelo Banate, Hoito

which shall be used for the above-mentioned socialized housing proiect. is not subject to capital gains tax and documentary stamp tax pursuant to Sections 1 9 and 20 of Republic Act (RA) No. 1279

as giving authority to concerned Register of Deeds to effect transfer of the land titles in the It is, however, understood that this C'T'E is never intended. and shall not be construed.

Persan Construction, Inc./ Banate People's Village Phase HI Page 2 of 2 Ct'E No. Date issued 1-1--01 S27-2U17

name of the buyer without the necessary Certificate Authorizing Registration (C AR) issued by this Bureau. In this regard. this C'I'E shall be presented to the Revenue District Office (RDO) concerned in order for the iatter to issue the CAR.

This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. Howcver. if upon investigation. the BIR ascertains that the facts are different. then this Certificatc shall be considered null and void.

Issued this day of 0EC 7 8 2017

Commissioner of Interna! Revenue CAESAR R. DULAY

011966 K-1-JA*