BIR Ruling No. 332-2021

Qucron City

Certificate of Ta Exemption No:

TO ALI. WHOM T MAY CONCERN: CERTIFICATE OF TAX EXEMPTION NH- 332- 2024

the NitA under its Typhoon Permanent Hfousing Program loeated at Brgy. Pulao. Dumangas. of 495 socialived housing units in Dumangas People's Village. a sociatized housing profect ot National Housing Authority (NHA). is exempt from projecr-related income "taxes and creditable withholding tax pursuant to Section 20(d)() of Republic Aet (RA) No. 7279. as anended by RA No.10884 (Balaneed Housing Development Program Amenduents) fated Juty t7. 2ot6. on its income received directly in conneetion w ith the construetion 'development Hkoiko This certifies that SHALOM CONSTRUCTION INC.. an entity engaged by the

per house and jot package: provided further. that beginning January 1. 2021. the exemptiont from VAT' shall only apply to sate of house and lot and other residential dwellings' w ith selling price of not more than P3.199.200.00- (Tax Code). as amended. provided that the seting price thereof does not excecd P3.199.200.00 added tax (VAT) pursuant to Section 109(t )(P) of the Natioual Internat Revenue Code of 1997 Mloreover. the delivery ot the +95 socialived housing units shall be exempt from value-

over the pareel of land deseribed betow. to w ie: official receipts on its gross receipts from the said socializcd housing project.t ft Shall be understood that SHALOM CONSTktCTION INC. must issue VAT-exempt shall be subiect to VAT. even if the said purchases are to be used for the socialized housing project. since VA'I is an indireet tax which can he passed on hy the seller of the goods serv tees. Nforeover. the Deeds of Absolute Sale executed hy the t.andow ners in favor of the NHA However. the purchases of goodstarticles bv SHALOM CONSTRUCTION INC

Date of Deed . Name of Landow ner of Absolute Deeember September'o. 206 Sae April Rosalind Gustilo Valentin Busi of Title No. C'ertificate Transfer Aggregate (s. m. 00 15.000 Arca I Transterred Utilization for NHA (m.} 7 2.54 Yrca Property/ies tocation of

December s 20 Terma Sujede 5.588 15.588

amended. and 20 ot Republic Act (RA)~No. 7279 and Section T09(D)(P) of the 1997 Hax (ode. as which shall he used for the above-nentioned socialized housing project. is not subject to capital gains tax ereditable withholding tas. documcutary stamp tax and VA I pursuant to Sections 19

A

A.. Nudjusted using the 2010 Consumer Prire Index valus per Revenue Regutations (RR) No> S.2021 dated time !1. 2021 Sale oi lot onty, regardless of the price, shall be subec! to vAt atarung january 1, 2021 pu Nt IORA N (0D53

Shatom ( 'onstruction. Ine. Pagc o Date issued CTE NO

documents as represented and submitted. Howvever. it upon investigation. the BiR ascertains that the facts are different. then this Certifleate shall be considered null and void.t be applied or are being applied to a sociatized housing profect pursuant to RA 7279. the Register of Deeds having jurisdiction over the property. to the effeet that the same are to Registration (CAR) issued by this Bureau. In this regard. this CTl:. together with the documentary requirements provided under RM0 No. 15-2003. shall be presented to the Revenue District Oftice (RDO) concerned in order tor the fatter to issue the CAR. intended and shall not be construed as giving authority to the concerned Register ot' Deeds to effect transfer of the land tites in the name of the NitA without the Certifieate Authorizing This Certificate of Tax Exemption is being Issued on the basis of the tacts and Upon application tor exemption. a Hien on the titles of the fand shall be annotated b It is. however. understood that this Certtfieate of Tax Exemption (C'TE) is never

Issued this day of

Commissioner of Internal Revenue CAESAR R. DUHLAY

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