BIR Ruling No. 605-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificata of Tax Exemption No: 605-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

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

November Notice of 3. 2016 Date of Award Agreement March 22. Contract Date of 20 Contract Price People's Vittage Project Name Dumangas Phase 2 Brgy. Balabag. Dumangas. Location Hoo No. of Sociatized Housing Units subject of tax exemption 1.000 units

since VAT is an indirect tax which can be passcd on by the seller of the goods/services. it shall be subject to VAT. even if the said purchases are to be used for the socialized housing project. be understood that PERSAN CONSTRUCTION, INC. must issuc VAT-exempt officiat receipts on its gross receipts from the said socialized housing project. However, the purchases of goods/articles by PERSAN CONSTRUCTION, INC. shal!

over the parcel of land described below, to wit: Moreover. the Deed of Absolute Sale executed by the Landowners in favor of the N! IA

'Date of Deed February 27. of Absolute 20 7 Sale Christine Joy J. Aguirre namely: Norma J. Aguirre. Pedro Git Salvador J. Aguirre. Trespeces Javer: Amador Aguirre: and Brlinda Aguirre Heirs of Salvador Aguirre'. Anne Michelle J. Aguirre Name of Landowners and Josephine Certificate of Title (TCT) Transfer TCT No (Sq, m.} 94.5 11 Area Transferred (Sq.m.) 74.5 1 Area Brgy. Batabag. Dumangas. Location Ioilo

The tax exemption does not cover the estate tax due. if any. on the transfer ot the property from the deceased Jandowner (Salvador Aguirre) to his respective heirs.

PERSAN CONSTRUCTION, INC (Dumangas People 's Village - Phase 2) Date issued_12-14-2017 CTE No. 605-2017

which shall be used for the above-mentioned socialized housing project, is not subject to income tax/capital gains tax/expanded withholding tax. and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 7279.

intended. and shall not be construed, as giving authority to the concerned Register of Decds (RD) to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTF shail be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR It is, however. understood that this Certificate of Tax Exemption (CTE) is never

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 facis and

Issued this day of DEC 1 4 2017

ourom

&KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 011730

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