BIR Ruling No. 791-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

0791-2019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN: ), an

entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act 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 construction/development of socialized housing units

under the NHA's Permanent Housing Program for the victims of Magnitude 6.5 Earthquake located at

Brgys. Gaas and Dolores, Ormoc City, Leyte, to wit:

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption

October 4. 2018 October 23. 2013 Highlands 1 Ormoc and 2 Brgys. Gaas Ormoc City. and Dolores. Leyte 88

The purchases of goods/articles by PHINTECSTAR CONSTRUCTION, INC. shall be

subject to V AT, 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 by the seller of the goods/services.

Moreover, the Deeds of Absolute Sale/ Unilateral Sale Executed by the Landowners in favor

of the LGU-Ormoc City over the parcels of land described below, to wit:

Absolute Deeds of Date of Sale Landowners Name of ISellers Certificate of Title Original/Transfer No. (Sq.m.) Area Transferred (Sq. m.) Area Location

December 13, 2017 Belmoro and Sps.Alberto Diosdada F. 13,587 13,587 Brgy. Gaas, Ormoc City

Belmoro

1 The original contract price amounting to per Contract Agreement dated October 23, 2018 was

adjusted to for additional works covered by Variation Order No. 1 issued by the National

Housing Authority dated October 31, 2018.

2 The number of units was increased from the original 792 house and lots units to 887 by the above-mentioned

Variation Order.

Phintecstar Construction, Inc./Ormoc Highlands I & 2 CTE No.079 1 - 2019

Page 2 of 2 Date issued DEC 1 3 2019

June 10. 2018 Belmoro and Diosdada F Sps.Alberto 39,429 19,161 Brgy. Gaas. Ormoc City

Belmoro

11, 2018 October Abraham Perez 78,960 78, 960 Ormoc City Dolores. Brgy.

11,2018 October Arleen May Perez 78, 961 78, 961 Ormoc City Dolores, Brgy.

in so far as the area corresponding to the 887 housing units 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

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

This Certificate of Tax Exemiption is being issued on the basis of the facts 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.

Issued this day of DEC 1 3 2019

asarv

CAESAR R.DULAY Commissioner of Internal Revenue

031307

K-I-JAC