BIR Ruling No. 402-2018

BUREAU OF INTERNAL REVENUE REPUBLIC CF THE PHILIPPINES DEPAR?MENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 02-301

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

FOUNDATION, INC. is exeinpt from project-related income taxes, creditable withholding tax, and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279, on its income received directly in connection with the Socialized Housing Program of the Provincial Government of Rizal, to wit: This certifies that RIZAL PROVINCE HABITAT FOR HUMANITY

Casimiro A. Ynares. Project Name Sr. Village' 300 home lots with an area of fifty (50) square meter Kind of Development each, more or less? Rizal Habitat Homeowners Association, Inc. Beneficiaries Brgy. Pinugay. Baras, Rizal Location

Revenue Code of 1997, as amended. receipts on its gross receipts from the said socialized housing project. amended by RR No. i7-2001. The DST herein imposed shall be based on the actual consideration considering that one of the contracting parties is the Government pursuant to Revenue Memorandum Order (RMO) No. 41-91 and' Section 196 of the National Internal to be used for the socialized housing project, since VAT is an indirect tax which can be passed HABITAT FOR HUMANITY FOUNDATION, INC. must issue VAT-exempt official documentary stamp tax (DST) imposed under Section 196 of the National Internai Revenue Code of 1997. as "amended. in accordance with Revenue Reguiations (RR) No. 11-97, as on by the seller of the goods/services. It shall be understood that RIZAL PROVINCE HUMANITY FOUNDATION, INC. shall be subject to VAT, even if the said purchases are Also, the distribution or transfer of the home lots to the beneficiaries is subject to However, the purchases of goods/articles by RIZAL PROVINCE HABITAT FOR

to DST of P15.00 pursuant to Section 1 88 of the National Internal Revenue Code of 1997, as amended. Moreover, the'notariat acknowledgment to the individual deed of conveyance is subject

verification and post-audit that the actual occupants of the property transferred are qualified members-beneficiaries and therefore, RIZAL PROVINCE'HABITAT FOR HUMANITY Notwithstanding the foregoing. the Bureau of Internal Revenue (BIR) shall conduct

: Pursuant to the Memorandum of Agreement made and executed by and between the Province of Rizal and the : Formerly Pinugay Resettlement Project. It was changed to Casimiro A. Ynares, Sr. Village pursuant to Sangguniang Panlalawigan Resolution No. 03-159 dated November 10, 2003 Rizal Prov ince Habitat for Humanity Foundation. Inc.

=

0E-01 3-9 RIZAL PROYINCE HABITAT FOR HUMANITY FOUNDATION, INC.

FOUNDATION, INC. is entitled to exemption from capital gains tax or income tax imposed under the National Internal Revenue Code of 1997, as amended.

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 MAR 0 9 2018

Commissioner of Internal Revenue CAESAR R. DULAY

STK-I-LMAT 0 1 4 17 5

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