BIR Ruling No. 290-2021

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FIN ANCE

Quezon City

Certificate of Tax Exemption No: 1-1-790-2021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

entity engaged by the National Housing Authority (NHA), is exempt from project-related Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development of 138 socialized housing units in Labuan Sea Breeze Subdivision Phase 1, a socialized housing project of the NHA located at Brgy. Labuan, Zamboanga City. income taxes and creditable withholding tax pursuant to Section 20(d)(1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program This certifies that NURBEN ENGINEERING & BUILDING CONTRACTOR, an

P3,199,200.00' per house and lot package; provided further, that beginning January 1, 2021 the exemption from VAT shall only apply to sale of house and iot and other residential of 1997 (Tax Code), as amended, provided that the selling price thereof does not exceed dwellings valued at not more than P3.199,200.00.2 value-added tax (VAT) pursuant to Section 109(1)(P) of the National Internal Revenue Code Moreover, the acquisition of the 138 socialized housing units shall be exempt from

by the seller of the goods/services. It shall be understood that NURBEN ENGINEERING & from the said socialized housing project. BUILDING CONTRACTOR shail be subject to VAT, even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on BUILDING CONTRACTOR must issue VAT-exempt official receipts on its gross receipts However, the purchases of goods/articles by NURBEN ENGINEERING &

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 .AUG 32Q2

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K-1 Commissioner of Internal Revenue CAESAR R. DULAY H 0443249

1 As adjusted using the 2010 Consumer Price Index values per Revenue Regulations No. 8-2021. 2 Sale of lot only, regardless of the price, shall be subject to VAT starting January 1, 2021 pursuant to RA No. 10963.