BIR Ruling No. 435-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NSH-0435-2020

JUL 3 U Z0ZU

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]

7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act No.

dated July !7, 2016, on its income received directly in connection with the construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, 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

February 26, 2019 July 2, 2019 Cabucgayan Permanent Housing Brgy. Pawikan, Cabucgayan, Biliran

Moreover, the Deeds of Absolute Sale/ Unilateral Sale Executed by the Landowners in favor of the NHA over the parcels of land described below, to wit:

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

July 16, 2019 Carlos P. Garcia Brgy. Pawikan, Cabucgayan. Biliran

April 22, 2019 Diediomar Villacortel Maria Fe O.Villacorte Diomar Villacorte Brgy. Pawikan. Cabucgayan. Biliran

1 This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of TCT No. registered owner, Dioscoro O. Villacorte, to his heirs. from its

O

Phintecstar Construction, Inc./Cabucgayan Permanent Housing CTENo.NS-O43-202

Page2of2 Date issued _JU3 U 2U2

for the above-mentioned socialized housing project, is not subject to capital gains tax and in so far as 20.460 sq.m., the area corresponding to the 258 housing units which shall be used 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 effect 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 Exemption 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 JUL 3 0 2020

Nee,aurx*a

Commissioner of Internal Revenue CAESAR R.DULAY :036037 Q

K-1-JAC