BIR Ruling No. 30-2018

U REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 030-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN

This certifies that ZEPHYR CONSTRUCT PHILS,INC.(TIN: a

private 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 (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:

Notice of Date of Award Agreement Contract Date of Contract Price Project Name Location No. of Socialized Housing Units subiect of tax exemption

December 16, 2015 April 28, 20161 Project - Site 3 Regeneracion Villa Estancia, Iloilo Brgy. Gogo,

shall be subject to VAT, even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. official receipts on its gross receipts from the said socialized housing project. It shali'be understood that ZEPHYR CONSTRUCT PHILS,INC.must issue VAT-exempt However, the purchases of goods/articles by ZEPHYR CONSTRUCT PHILS, INC.

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

May 4,2016 Date of the Deed of Absolute Sale Independencia Ravena Name of Landowner Flores Certificate Transfer of Title (TCT) (Sq. m.) Area Transferred (Sq. m.) Area Estancia,Iloilo Brgy.Gogo Location

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

Date of Acknowledgment

ZEPHYRONSTRUCT PHILS, INC. CTE No. Date issued 1-18-2018 030-2018

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

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 This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of JAN 18 2018

A CX

CAESAR R. DULAY Commissioner of Internal Revenue 012728

&Ki-RSV K1-FR-16-1888