BIR Ruling No. 268-2020

BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINS DEPART'MENT OF FINANC

Quezon City IDD

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CERTIFICATE OF TAX EX'EMPTION

TO ALL WHOM IT MAY CONCERN:

National Housing Authority (NHA),is exempt from creditable withholding tax, pursuant to Section 20 (d) (1) cf Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Developr-ient Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development of socialized house and lot packages under ihe National He:ising Authority (NHA)'s Yolanda Taxpayers Identification Number (TIN) Permanent Housing Program, to wit: This certifies that GOLDENVILLE REALTY AND DEVELOPMENT CORP.with roject-relatedincometaxesand I a private entity engaged by the

Notice of Date of July 16. July 16. July 16. Award 2018 2018 2018 Agreement March 07. March 07. March 07, 2'7, 2019s Contract 27, 2019 27, 20193 February February February Date of 20196 20194 20192 Contract Price Project Name Ville Phase 2 Dulag Town Dulag Town Dulag Town Ville Phase 3 Ville Phase 1 E" gy. San Antonio, B gy. San Antonio, gy. San Antonio, Dulag, Leyte Dulag, Leyte Dulag, Leyte Location No. of Socialized housing units Housing Units housing units subject of tax housing units exemption 340 50 340

awarded on July 16,2018,GOLDENVILLE REALTY AND DEVELOPMENT CORP development of the above-inentioned socialized housing pr jects. shall be subject to value-added tax (VAT) pursuant to Reput:lic Act (RA) No. 10963, otherwise January 01, 2018, on its income received directly in nnection with the construction/ known as the "Tax Reform for Acceleration and Inclusion (RAIN) " Law which took effect on However, considering that the above-mentioned socialized housing projects were

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

3 Date acknowledged by Goldenville Realty and Development Corp. +Date acknowledged by the NHA 5Date acknowledged by Goldenville Realty and Development Corp. 2 Date acknowledged by the NHA. Date acknowledged by the NHA. Date acknowledged by Goldenville Realty and Development Corp. X

GOLDENVILLE REALTY AND DEVELOPMENT CO?P. Dulag Town Ville Phases i, 2,and 3) CTENo.NS.H2.68-2020 Date issued MAY 26 2020

February 44, 2019 Date 1. Virginita M. Beltran, married 2 Maria Gloria M. Cayanong. to Rodolfo D. Beltran Name of Landowner Certificate of Title (OCT) Original (S: m.) 18:,021 Afrea Transferred (Sq. m.) 120,000 Area Location

married to Pablo Cayanong, Jr.

capital gains tax (CGT) and documentary stamp tax (DST, pursuant to Sections 19 and 20 of which shall be used for the above-mentioned socialized housing projects, is not subject? to RA No. 7279, as amended.

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

Submitted. However, if upon investigation, the BIR ascert.: ns that the facts are different, then this Certificate shall be considered null and void. This CTE is being issued on the basis of the facts ind documents as represented and

Issued this day of MAY 2 6 2020

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&KI-LMAT Comm 'ssioner of Internal Revenue CAESAR R. DULAY L 033603 6

7The herein tax exemption does not cover income tax and DST due, if any, or: the transfer of the property from Demetrio P. Malooy to Virginita M. Beltran and Maria Gloria M. Cayanong, per Absol ite Deed of Sale of an Agricultural Parcel of Land both dated March 27, 1987.

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