BIR Ruling No. 269-2021

REPUBLIC OY THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH - 739-2321

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that QUADHOMES, INC., an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes/creditable withholding tax (CWT) pursuant to Section 20 (d) (1)'of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016. on its income received directly in connection with the conversion and enhancement of 250 developed lots and completed housing units in Pineville Subdivision, a socialized housing project of the NHA under the NHA's Community-Based Initiative Approach (CBIA) intended for qualified former rebels, located at Brgy. San'Jose. Malaybalay, Bukidnon.

Moreover, the acquisition of the said enhanced 250 developed lots and completed

beginning January 01, 2021. the exemption from VAT shall only apply to sale of house and lot housing units shall be exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as amended. provided that the sellfing price thereof does not exceed P3, 1 99.200.00' per house and lot package: provided further, that and other residential dwellings2 valued at P3,199.200.00.

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

submitted. However, if upon investigation, the BIR ascertains 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 and documents as represented and

Issued this day of L

wsa

SK-I-LMAT Commissioner of Internal Revenu CAESAR R. DULAY

: Sale of lot only. regardless of the price. shalt be suhject to VAT starting January 01. 2021 pursuant to RA Mo. 10963. As adjusted using the 2010 Consumer Price Index values per Revenue Regulations (RR No. 8-2021 dated June 1 1. 2021