BIR Ruling No. 463-2021

rkTER^ REPUBLIC OF THE PHILIPPINES SSipp^ DEPABTMENT OF FINANCE BUREAU OFINTERNAL REVENUE Quezon City Certificate o1 Tax Exemption No: Bel - s5 - Iai9 CERTIFICATE OF TAX EXEMPTIOW TO ALL WHOM IT MAY CONCERN: This certifies that BRIA HOMES,INC^ with Taxpayer Identification Number(TIN) 00, is exempt from income tax and creditable withholding tax on its income received directly in connection with its economic and low-cost housing project, Bria Calapiba Phase 1-Brgy.Banadero,Calamba City,Laguna,consisting of^3house and lot units used solelyforfamily home or dwelling purposes,located atBrgy.Ban^ero,Calamba City, Laguna, a project duly registered with the Board ofInvestments(Boj)under Certificate of Registration No. dated May 11,2018, for a period of 4 yeare beginning from May 2018 or actual startofcommercial operations/selling, whichever is earlier, but in no case earlier than the date ofregistration ofthe project with the BOI,pursuantto Executive Order(EG)No. 226,otherwise known as the "Omnibus Investments Code of 1987" and Section 2.57.5(B)(2) ofRevenue Regulations(RR)No.2-98,as amended. Moreover, the sale by the Company of residential lot valued at PI,919,500.00 and below, or house and lot and other residential dwellings valued at P3,19^,200.00 and below, is VAT-exempt under Section 109(1)(P) ofthe National Internal Revenus Code(Tax Code)of 1997, as amended. Provided, however, that beginning January 01, 202 ,the VAT exemption shall only apply to sale ofhouse and lot and other residential dwellings ^ with selling price of not more than P3,199,200.00^. However, the sale of house and lot units in excess of the 873 house and lot units registered with the BOI, if any, including those units used for comme cial purposes such as leasing, retail stores,offices,etc.shall be subject to the paymentofapprj)priate taxes under the Tax Code of 1997, as amended. The grant oftax exemption herein is subject to the compliance with the provisions of applicable BIR rules and regulations and the Terms and Conditions staied at the back hereof. The Company is liable, however,for all other applicable taxes not discussed above. 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 DEC \ ] 202.1 CAESAR R.DULAY Commissioner ofInternal Revenue K-l 3' 947 7'! Formerly; Casa Regalia, Incorporated / il ^ Sale oflot only,regardless ofthe price,shall be subject to VATstarting January 01,2021 pureuant to RA nJq. 10963. 'As adjusted using the 2010 Consumer Price Index values pursuant to RR No.8-2021 dated Jure 11,2021