BIR Ruling No. 294-2021

REPUBLICOF THE PHH.IPPINES

DEIARTMENT OF FINAN'E BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH - 294-202

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

entity engaged by the National Housing Authority (NHA), is exempt from project-related (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program income taxes/creditable withholding tax (CWT) pursuant to Section 20 (d) (1) of Republic Act development. housing construction and acquisition of 500 developed lots and completed housing units (2-storey Duplex Type) in Masskara Village. a socialized housing project of the NHA under the NHA's Government Employees Housing Program including AFP/PNP/BFPi BJMP/BuCor Personnel and other government employees. located at Brgy. Sum-ag. Bacolod City. Negros Occidental. Amendments) dated July 17, 2016, on its income received directly in connection with the land This certifies that Silver Dragon Construction & Lumber & Glass Supply, Inc., an

does not exceed P3.199.200.00 per house and lot package: provided further. that beginning January 01. 2021. the exemption from VAT shall only apply to sale of house and lot and other residential dwellings' with selling price of not more than P3.199.200.00.2 shall be exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997. as amended. provided that the seliing price thereof Moreover, the acquisition of the said 500 developed fots and completed housing units

on by the seller of the goods/services. It shall be understood that Silver Dragon Construction from the said socialized housing project. & Lumber & Glass Supply, Inc. must issue VAT-exempt official receipts on its gross receipts & Glass Supply, Inc. shall be subject to VAT. even if the said purchases are to be used for the above-mentioned socialized housing project, since VAT is an indirect tax which can be passed However. the purchases of goods/articles hy Silver Dragon Construction & Lumber

this Certificate shall be considered nufl 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 of

K- Commissioner of Internal Revenue CAESAR R. DULAY S 445

: As adjusted using the 2010 Consumer Price index values per Revenue Regulations tRRI Ho. 8-2021 dated lune 11. 2021. I Sale of lot only . regardtess of the price. shall be subject to VAT starting January 0t. 2021 pursuant to RA Mo. 10963.