BIR Ruling No. 661-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 661-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that E.M. CUERPO, 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 Socialized Housing Program, intended for qualified Informal Settler Families (ISFs) residing along danger areas. to wit:

Notice of March 9. Date of Award 2015 Agreement Contract April 21. Date of 20IS Contract Price (Ph p) with Land Development Camarin Residences II Residential Buildings Ten (10) Five-Storey and Survey Works. Project Name Location Camarin. Caloocan C ity Housing Units subject of tax Socialized exemption No. of 600

VAT, even if the said purchases are to be used for the socialized housing project, since VA'T However, the purchases of goods/articles by E.M. CUERPO, INC. 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 E.M. CUERPO, INC. must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project.

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

Issued this day of DEC 2 0 201

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Commissioner of Internal Revenue CAESAR R. DULAY 011948 K-