BIR Ruling No. 440-2020

BUREAU OF INTERNAL REVENUE REPUBLIC-OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Fywon e AUG 11 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

AND TRADING-JV (TIN: This certifies that J.D. LEGASPI CONSTRUCTION/AYLAN CONSTRUCTION ), an entity engaged by the National Housing

of socialized housing units under the NHA's Socialized Housing Program, intended for the relocation and resettlement of Informal Settler Families (ISFs) living in danger areas, to wit: value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development Authority (NHA), is exempt from project-related income taxes) creditable withholding tax and

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location subject of tax Housing Units Socialized No. of

Twelve (12) Five- exemption

December 9, 2014 February 24, 2015 Buildings with Land Storey Residential Development and Survey Works, Caloocan Camarin, City

Camarin Residences I

socialized housing project. TRADING-JV must issue VAT-Exempt official receipts on (ts gross receipts from the said CONSTRUCTION/AYLAN CONSTRUCTION AND TRADING-JV shall be subject to is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that J.D. LEGASPI CONSTRUCTION/AYLAN CONSTRUCTION AND VAT, even if the'said purchases are to be used for the socialized housing project, since VAT However, the purchases of goods/articles byJ.D. LEGASPI

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

Issued this day of AUG 1

1aysa1y N

K-I-JAC Commissioner of Internal Revenue CAESAR R. DULAY 03631