BIR Ruling No. 310-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of 310-20 Kemption No:

CERTHFICATE OF TAX EXEMPTON

TO ALL WHOM IT MAY CONCERN:

entity engaged by the National Housing Authority (NHA), is exempt from project-reiated income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, on its income received directly in connection with the Housing Program, to wit: construction/development of socialized housing units under'the NHA's Yolanda Permanent This certifies that PERSAN CONSTRUCTION INC. (TIN: an

June 15,2017 Notice of Date of Award Agreement October l0, Contract Date of 2017 Contract Price (Php) Barotac Nuevo Project Name People's Village Barotac Nuevo, Brgy. Baras, Location Ioilo No. of Socialized Housing Units Subject of tax exemption 25

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

favor of the NHA over the parcels of land described below, to wit: Moreover, the Deed of Absolute Sale/ Unilateral Sale Executed by the Landowners in

Date of Deed November 6, of Absolute Sale 207 Landowner/Setler Mariano Araneta Heirs of Estrella Valera and Name of Certificate of Title Transfer No. {Sq.m.} Area Transferred Area Baras, Barotac Nuevo, Iloilo Location Barrio of

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

name of the buyer 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) as giving authority to concerned Register of Deeds to effect transfer of the land titles in the concerned in order for the latter to issue the CAR. It is, however, understood that this CTE is never intended, and shall not be construed.

Page 2 of 2 Persan Construction Inc. CTE No. _310-2018 Date issued 3-5- 2018

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 MAR u 5 2U}8

AOus

CAESAR R.DULAY Commissioner of Internal Revenue

0 139 49 K-1-JAC