BIR Ruling No. 300-2021

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

Certificate of Tax Exemption No: NsH - 3 0 0

TO ALL WHOM IT MAY CONCERN: CERTIFICATE OF TAX EXEMPTION

issue VAT Exempt official receipts on its gross receipts from the said socialized housing housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that PHINTECSTAR CONSTRUCTION, INC. must the exemption from VAT shall only apply to sale of house and lot and other residential dweilings3 with selling price of not more than P3, 199,200.00. INC., shall be subject to VAT, even if the said purchases are to be used for the socialized project. (new construction of 271 housing units and completion of 473 housing units started) shall be P3,199,200.002 per house and lot package; provided further, that beginning January 01, 2021. July 1 7, 2016, on its income received directly in connection with the construction/devetopment housing units and completion of 473 housing units started) in Hernani Town Ville 1, 2, & 3 Iocated at Brgy. Nagaja, Hernani, Eastern Samar, intended for the families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing Program. Moreover, the construction/development of the remaining works for 989 developed lots and 744 housing ynits Revenue Code of 1997, as amended, provided that the selling price thereof does not exceed the National Housing Authority (NHA)1, is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated of the remaining works for 989 developed iots and 744 housing units (new construction of'271 exempt from value-added tax (VAT) pursuant to Section 109 (1)(P) of the National Internal However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION, This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation, the BIR ascertains Issued this This Certificate of Tax Exemption is being issued on the basis of the facts and day of_AUG 1 0 2021

K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY S 044586

2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Regufation No. 8-2021. 1 Per Contract Agreement dated August 1, 2019. 3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963.