BIR Ruling No. 485-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City FIt

Certificate of Tax Exemption No: 485-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

known as the "Urban Deveiopment and Housing Act of 1 992", on its income received directly in connection with the construc.ion/deve'opirent cf socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Fousing Program. to wit: added tax (VAT). pursuant to Scction 20(d) l) an3 (3) of Republic Act No. 7279. otherwise This certities that OSCAR R. SARMIENTO CONSTRUCTION, INC. (TIN: is exempt from project-related income taxes. creditable withholding tax and value

Paglaum Ville Project Name July 28. 205 Contract Date of T Contract Price [ 20 Date of Notice Decerber 19 ot Award Fsrgy. San Isicro McArthur, Leyte Location No. of Socialized Housing Units subject of Tax Excnption 12

the said socialived housing pro ect CONSTRUCTION, INC. shall be subicet to VAT. even if the said purchases are to be used seller of the goods/services. It shall be understood that OSCAR R. SARMIFNTO CONSTRUCTION, INC. must issue VAT-exempt official receipts on its gross receipts from for the socialized housirg project. since VAT is an indirect tax which can be passed on by the However. the purchases ot : 2oods/articlesby OSCAR R. SARMIENTOI

over the parcels of land described helow. to wit. Moreover. the Deed/s ot' Absolue Sate executed bv the Landowner in favor of the NHA

3. 20152 20i5'July July 20 Absolute Date of Deed of Salc Rodolfo Maioza Landowner/ Name of Selfer (OCT/TCT; NO. [Originst/Trarsfer Certific:te of T`itle (sq. m.) Area 12.624 Transterred {sq. m) 12.624 Area McArthur. San isidro. Location L.eyte

which shall be used for tine above-nentioned socialized housing project, is not subject to capital 20 of Republic Act(RA} No.7279 gains tax/expanded withholding tax and doeumentary stamp tax pursuant to Seetions 19 and

2 Date of acknowiedgemert by Hodolfo Ma:oza 1 Date of acknowledgement by .tty. Chit. M Cru

485-17 10- 19-2017 Oscar R. Sarmiento Construction. Inc. Page 2 of 2

intended. and shall not be construcd, as giving authority to the concerned Register of Deeds to presented to the Revenue District Office (RDO) concerned in order for the latter to issuc the CAR. 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 CTE shall be It is. however. understood that this Certificate of Tax Fxemption (CTE) is never

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

Issued this. -. day of QCI19 2017

Aaamy

Commissioner of Internal Revenue CAESAR R. DULAY

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