BIR Ruling No. 429-2022

BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No NSH.l29-2022 NOV 1 12022 CERTIFICATE OF TAXEXEMPTION TO ALL WHOM IT MAY CONCERN:

more than:P3,199,200.00. provided that the selling price/value thereof does not exceed P3,199,200.002 per house and lot package; provided further, that beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other residential dwellings3 with sellingprice of not pursuant to Section 109 (1)(P) of the National Internal Revenue Code of 1997,Jas amended, in Kalugmanan Paglaum Village located at Brgy. Kalugmanan, Manolo Fortich, Bukidnon, under the Resettlement Assistance Program for the Local Government Unit of Municipality of Highway and danger zone areas. Moreover, the delivery of 83 Serviced Homelots: 61 units developed lots and 22 socialized housing units shall be exempt from value-added tax (VAT) Manolo Fortich, intended for the informal settlers and landless families residing along National tax and creditable withholding tax pursuant to Section 20 (d)(1) of Republic Act (RA) No. dated July 17,2016, on its income received directly in connection with the development/ construction of 83 Serviced Homelots: 61 units developed lots and 22 socialized housing units engaged by the National Housing Authority (NHA),is exempt from project-related income 7279, as amended by RA No.10884 (Balanced Housing Development Program Amendments) This certifies thatEDMONDRAY CONSTRUCTION &SUPPLY,an entity

must issue VAT Exempt official receipts on its gross receipts from the said socialjzed housing housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services.It shall be understood that EDMOND RAY CONSTRUCTION& SUPPLY project. SUPPLY,shall be subject to VAT,even if the said purchases are to be used for the socialized However,the purchases of goods/articles by EDMOND RAY CONSTRUCTION &

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

Issued this day of

K-1-JAC Commissioner of Internal Revenue LILIA CATRIS GUILLERMO ChbL 002406

3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA N.10963. 1 Per Contract Agreement dated July 21, 2021. 2 As adjusted using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021 dated June 1, 2021.

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