BIR Ruling No. 350-2022

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE C Quezon City

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Certificate of Tax Exemption No:

NSH - 350-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

delivery of 50 socialized housing units shall be exempt from value-added tax (VAT) pursuant to Section 1091)(P) of the National Internal Revenue Code of 1997(Tax Code),as amended. only apply to sale of house and lot and other residential dwellings with selling price of not more construction of Santa Resettlement Project Phase 2 consisting of 50 Socialized housing units provided that the selling price thereof does not exceed P3,199,200.00 per house and lot package; provided further,that beginning January 01,2021, the exemption from VAT shall than P3,199,200.00. withholding tax, pursuant to Section 20(d)1) of Republic Act (RA) 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 land development and housing located at Brgy.Labu Norte.Santa, Ilocos Sur,intended for the benefit of the informal settler families living in danger areas under the NHA's National Shelter Program. Moreover, the Identification Number (TIN) Unit (LGU of Santa, Ilocos Sur,is exempt from project-related income taxes and creditable This certifies that BBBJR DESIGN. BUILD AND SUPPLY, with Taxpayers an entity engaged by the Local Government

issue VAT Exempt official receipts on its gross receipts from the said socialized housing SUPPLY shall be subject to VAT, even if the said purchases are to be used for the socialized goods/services.It shall be understood that BBBJR DESIGN,BUILD AND SUPPLY must housing projects, since VAT is an indirect tax which can be passed on by the seller of the projects. However,the purchases of goods/articles by BBB.JR DESIGN, BUILD AND

of Santa. Ilocos Sur and the Landowner described below to wit Moreover. the Absolute Deed of Sale (ADOS) in Favor of the Local Government Unit

Date Landowner Name of Declaration No. Ta (sq. m.) Area Transferred (sq. m.) Location

July 14. 2021 Atty. Benjamin E Martinez TD No.

however. subject to documentary stampax under Section 196of the Tax Code of 1997, as amended, based on the actual consideration of the property transferred considering that one of the parties is the Government. tax/capital gains tax/expanded withholding tax pursuant to Sections 20 of RA No.7279 and to which will be used for the above mentioned socialized housing project, is not subject to income VAT pursuant to Seci:5n 109 of the Tax Code of 1997, as amended.The transaction is

together with the documentary requirements provided under Revenue Memorandum Order RMO No.15-2003, shall be presented to the Revenue District Office (RDO concerned in order for the latter to issue the CAR. (RD to effect transfer of the land tiles in the name of the buyer without the necessary intended and shall not be construed as giving authority to the concerned Register of Deeds Certificate Authorizing Registration (CAR issued by this Bureau. In this regard, this CTE, It is, however, understood that this Certificate of Tax Exemption (CTE is never

(Santa Resettlement Project Phase 2) BBBJR DESIGN,BUILD AND SUPPLY Date issued. CTE No.: NSH - JUN3 2022 350-2022

the concerned RD having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No.7279 Upon application for exemption, a lien on the titles of the land shall be annotated by

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation, the BIR ascertains This Certificate of Tax Exemption (CTE) is being issued on the basis of the facts and

Issued this day of 3202

Maonwy

SK- Commissioner of Internal Revenue CAESAR R.DULAY 052211

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