BIR Ruling No. 34-2018

REPUBLIC OF THE FHILIPPINES

DEPARTMENT OFFINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 034-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that P.E.R.R.C. CONSTRUCTION & DEVELOPMENT CORP. (TIN: an entity engaged by the National Housing Authority (NHA), is exempt trom project-related income taxes, creditable withholding tax, and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279, on its income received directly in connection with the construction/development of socialized housing units

under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit:

December 16, 2015 Notice of Date of Award Agreement Contract June 08, Date of 2016 Contract Price Sta. Cruz Homes - Project Name Site 1 Pandan, Antique Brgy. Sta. Cruz, Location No. of Socialized Housing Units subject of tax exemption 500 units

for the socialized housing project, since VAT is an indirect tax which can be passed on by the DEVELOPMENT CORP.shall be subject to VAT, even if the said purchases are to be used However, the purchases of goods/articles by P.E.R.R.C. CONSTRUCTION &

seller of the goods/services. It shali be understood that P.E.R.R.C. CONSTRUCTION & DEVELOPMENT CORP.must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project.

Over the parcels of land described below, to wit: Moreover, the Deeds of Absolute Sale executed by the Landowners in favor of the NHA

May 27, 2016 May 27,2016 Date of Deed May 27, 2016 of Absolute Sale Elias N. Dioso, married to Baylon Ausan married to Trifon R. Alfon Mary Jeane G. Alfon, Lucia J.Dioso Name of Landowners Certificate of Title (OCT) Original (Sq. m.) Area Transferred (Sq. m.) Area Pandan, Antique Pandan, Antique Pandan, Antique Brgy. Sta. Cruz Brgy. Sta. Cruz, Brgy. Sta. Cruz. Location

income tax/capital gains tax/expanded withholding tax, and documentary stamp tax (DST) which shall be used for the above-mentioned socialized housing project, is not subject to pursuant to Sections 19 and 20 of RA No. 7279.

P.E.R.R.C.CONSTRUCTION &DEVELCPMENT CORP (Sta. Cruz Homes - Site 1) Date issued 1m23-2018 CTE No. 034-2018

transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing shall not be construed, as giving authority to the concerned Register of Deeds (RD) to effect Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. It is, however, understood that this Certificate of Tax Exemption is never intended, and

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 ofjAN 2 3 2018

13an

KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 0.12755

PAGE2OF2