BIR Ruling No. 587-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

HY Quezon City

-rtitieat 587-2017 of Tax Exenption No:

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certfies that EDISON DEVELOPMENT & CONSTRLCTION'. (TIN:

is exempt from project-related income taxes. creditable wtthholding tax and valuc

added tax (VAT). pursuant to Section 20(d)(1) and (3) of Republic Act No. 7279. otherwise

known as the "Urban Development and Housing Act of 1992". on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHAy's Yolanda Permanent Housing Program. to wit:

LViliage-Phase : Guinticgan Project Name Novembe. Contract Date of 20 Contract Price Date of Notice June 20. 2016 of Award T Brgy. Guinticgan. I Caries. Tfoilo Location No. of Sociatized subjeet of Tax Housing Uinits Exemption. I0

of the goods/services. It shall be understood that EDISON DEVELOPMENT & CONSTRUCTION nist issue VAT-exempt ofticial receipts on its gross receipts from the Said socialized housing project. socialized housing projeet. since VA'l is an indirect tax which can be passed on by the seller CONSTRUCTION. shall be subject to VAT. even if the said purchases are to be used for the However. the purchases of goods/articles by EDISON DEVELOPMENT&

NHA over the pareels of Jand deseribed below. to wit: Moreover. the Deed's of Ahso!ute Sale executed by the Landowners in favor of the

October +8. 2016 W1ober 18. Deed of Absolute Date of S Sale Evelyn F. Apde Apdo Catherine F Landowaer? Name of Sclter OriginaiTransfer Certificate ot Title (O(T/TCT) No. [Area {s. m. S 5} Transterred (sq. m) S0) 20:9} Area Cartes. Hoito ules. Hoilo Guinticgan Giumticgan Loeation B3g 13'g

presented hy Alty :. APropri hip tfhstered under the nere of Fi, civostrr ty +.(nthoine F. Apdo bywiu)....: .Drf. torPAdetec

: 57-017

Edison Development & Construction Page 2 af 2 12-14-17

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

It is. however. understood that this Certificate of Tax Exemption (CTE) is never

presented to the Revenue District Office (RDO) concerned in order for the latter to issue thc CAR. intended. and shall not be construed, as giving authority to the concerncd Register of Deeds to effect transfer of the land uitles in the namc of the buyer without the necessary Certificate Authorizing Registration (CAR) issued hy this Bureau. In this regard. this CTE shall be

This Certifieate of Tax Fxemption is being issued on the hasis of the facts and

that the facts are different. then this Certificate shall be considered null and void. docunents as represented and submitted. However, if upon investigation. the BIR ascertains

Issued this day of DEC 1 ; 201?

ASok

Commissioner of Internal Revenue CAESAR R. DULAY A 011765 K-I