BIR Ruling No. 449-2021

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTBR]J^AL REVENUE Quezon City Certificate afTax Exemption No: - 4 9 - J: ! CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: ThiscertifiesthatBRIA HOMES,INC.with Taxpayer IdentiLcation Number(TIN) 00, is exempt from income tax and creditable withholding tax on its income received oireeu^ m connection with its economic and low-cost housing project, Bria Sta. Maria Phase lA,IB and IC-Brgy. Bulac,Sta. Maria,Bulacan cpnsisting of543 house and lot units used solely for family home or dwelling purposes, located at Brgy. Bulac,Sta. Maria, Bulacan, a project duly rpaUtRfed with the Board of Investments (BOI) under Certificate ofRegistration No.: ^ dated December 26,2019,for a period of4 years beginning from January 2020 or actual start ofcommercial operatiorjs/selling, whichever is earlier, but in no case earlier than the date ofregistration ofthe projectWith the BOI pursuant ^1987 and So�ection 2.57.5(B)(2)ofRoethveernwuieseRekgnuolawtnioanss(thReR")ONmon.i2b-u9i8,Iansveasmtemnednetds.Code of Moreover, the sale by the Company of residential lot valued at PI,919,500 00 and bel<^, or house and lot and other residential dwellings valued at P3,199,200.00 and below is t09(l)(P)ofthe National Internal Revenue Code(Tax Code)'of 1997, as amended. Provided, however, that beginning January 01, 2021, the VAT exemption shall only apply to sale of house and lot and other residential dwellings^ with selling orice of not morethan P3,I99,200.00^ 5k rleegaissitnegr,Herodetwwaeiivlteshtrot,rheetsh,BeoOfsIfai,lceiefso,afentyhc,o.uisshnacellluadnbidensgluotbthjoeuscnetittusonititnhseeupxsaceyedsmsefonortfcotofhmaemoen"^r.3ro,cpirhailoautpesuetrapaxonesdsesulnsodtuecurhntiahtess Tax Code of 1997, as amended. The grant oftax exemption herein is subject to the compliance with the provisions of applicable BIR rules and regulations and the Terms and tCaoxnedsitniootndsisstc�u,tsesdedatatbhoeveb.ack The Company is liable, however,for all other applicable hereof, This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. However,ifupon investigation,the BIR ascertains that the facts are different,then this Certificate shall be considered null a--n'd -vo-i^jd. Issued this day of DEC Q 6 CAESARR.DULAY Commissioner ofInternal Revenue K-l 1 h 'Formerly:Casa Regalia,Incorporated ^ Sale oflotonly,regardlessofthe price,shall besubjectto VATstartingJanuary01.2021 pursuant to RA 'As adjusted using the 2010 Consumer Price Index values pursuant to RR No.8-2021 dated JunNeo.111,0296032.!