BIR Ruling No. 352-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City Ipnl

Certificate Exemption No:

CERTIFICATE OF TAX EXEMPTION 4

TO ALL WHOM IT MAY CONCERN:

Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: connection with the construction/development of socialized housing units under the National Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279, on its income received directly in related income taxes, creditable withholding tax, and value added tax (VAT), pursuant to an entity engaged by, the National Housing Authority (NHA), is exempt from project- This certifies that GRANBY TRADING & CONSTRUCTION (TIN: b

Notice of February 01. 2016 01. 2016 February Date of Award Agreement March 23. March 23. Contract Date of 2016 2016 Contract Price (Php) Residences - Site t Residences - Site 2 Project Name Granville Granville Brgy. Bagacay. Brgy. Bagacay. San Dionisio, San Dionisio. Location Hoilo Ioilo No. of Socialized Housing Units subject of tax exemption

said socialized housing projects, since YAT is an indirect tax which can be passed on by the said socialized housing projects. CONSTRUCTION must issue VAT-exempt official receipts on its gross receipts from the CONSTRUCTION shail be subject to VAT, even if the said purchases are to be used for the seller of the goods/services. It shall be understood that GRANBY'TRADING & However. the purchases of goods/articlesbyGRANBYTRADING&

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

May 24. 2016 Date by Peter Paul K. Lopez'by virtue Violeta King Lopez' represented of a Special Power of Attorney? dated October 8, 2015 Name of Landowner Certificate of Title (TCT) Transfer (Sq. m.) Area Transferred (Sq. m.) Area Brgy. Bagacay. San Dionisio. Location Hoio

: Lot 3-B-4. of the subdivision pian. being a portion of Lot 3-B 2 Under Doc. No. 54. Page No. 12. Book No. XXXIX, Series of 2015, of Atty. Modesto Martin Y. Mamon. Co-owner of a certain parcel of land covered by TCT No. Notary Public died sometime on November 26, 1986. An Affidavit of Ownership was submitted dated May 02, 2016 declaring 2016. of Atty. Modesto Martin Y. Mamon, Notary Public). or less, one half ( 1/2) of which is considered her conjugal share with her late husband Carlos D. Lopez, Jr. who Ownership over her one half (1/2) conjugal share (under Doc. No. 13 1, Page No. 28, Book No. XL, Series of with an area of 831,828 square meters, more

{Granville Residences - Site I and 2) GRANBY TRADING & CONSTRUCTION Date issued 3-&-2018 CTE NO. 352-2018

May 24. 2016 Violeta King Lopez represented by Peter Paul K. Lopez by virtue of a Special Power of Attorney dated October 8, 2015 TCT No. Brgy. Bagacay. San Dionisio. Iloilo

which shall be used for the above-mentioned socialized housing projects, is not subject to capital gains tax and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 72796

be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the intended, and shall not be construed, as giving authority to the concerned Register of Deeds (RD) 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 CAR. It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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

Issued this . day ofj MAR 0.8 2018

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&-KI-LMAT Commissioner of Internai Revenue CAESAR R. DULAY 014134

5 Lot 3-B-5. of the subdivision plan, being a portion of Lot 3-B, which is part of the conjugal share of Violeta . Under Doc. No. 54. Page No. 12. Book No. XXXIX, Series of 2015, of Atty. Modesto Martin Y. Mamon. The tax exemption does not cover estate tax due, if any, on the transfer of the properties from the deceased Iandowner (Carlos D. Lopez, Jr.) to his respective heirs. Notary Public King Lopez

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