BIR Ruling No. 539-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No: 39~017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

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

February Notice of 01.2016 Date of Award Agreement Contract May 24. Date of 20}6 Contract Price Vilta Victoria 4 Housing Project Project Name Negros Occidental Victorias City. Location Brgy. 13. No. of Socialized Housing Units subject of tax exemption 266 units

Socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shalf be understood that LINEAR CONSTRUCTION CORPORATION must issuc VAT-exempt officiat receipts on its gross receipts from the said socialized housing project. CORPORATION shall be subject to VAT, even if the said purchases are to be used for the However. the purchases of goods/articlesby LINEAR CONSTRUCTION

over the parcet of land described below, to wit: Moreover, the Deed of Absolute Sale executed by the Landowners in favor of the NHA

Date of Deed Junc 17.2016 of Absolute Sale Sps. Mario J. Cionzaga and Violeta Gionzaga Name of Landowners Certificate of Title (TCT) Transfer TCT No. (Sq. m.) 25.987 Arez Transferred (Sq. m) 16.338 Area Negros Occidentat Victorias City. Pobtacion. Location

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.

1 Already in the name of NHA under TCT No.

intended. and shall not be construed. as giving authority to the concerned Register of Dceds (RD) to effect transfer of the land tities in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard. this C'I'E shai be presented to the Revenue District Office (RDO) concerned in order for the latter to issuc the CAR. LINEAR CONSTRUCTION CORPORATION {Villa Victoria 4 Housing Project} It is, however. understood that this Certificate of Tax Exemption (CTE) is never CTE NO. Date issued E20-01Z -017

that the facts are different. then this Certificate shall be considered nuli and void. documcnts 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 _NOV 20_2017

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-K I-I.MAT Commissioner of I nternal Revenue CAESAR R. DULAY . 011235

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