BIR Ruling No. 464-2021

REPUBLIC OF THE PHILIPPINES DEPABTMENT OF FINANCE BUKEAU OFINTERNALREVENUE Quezon City BjttZppV^Si Certificate of Tax Exemption No: yi -- i. Op ? CERTIFICATE OF TAX EXEMPTIO^ TO ALL WHOM IT MAY CONCERN: This certifies that BRIA HOMES,INC.' with Taxpayer Identification Number(TIN) DOO, is exempt from income tax and creditable withholding tax on its income received directly in connection with itseconomicand low-cost housing project,BriaSan Pablo -Brgy. San Gregorio,San Pablo City, Laguna consisting of^house and lot units used solelyforfamily home or dwelling purposes,located atBrgy.San Gregorio,San Pablo City, Laguna,a project duly registered with the Board ofInvestments(BOp under Certificate of Registration No. dated December 18,2018,for a period of^ years beginning from December 2018 or actual start ofcommercial operations/selling, whichever is earlier,but in no case earlier than the date of registration of the project with the BOI, pursuant to Executive Order(EG)No.226,otherwise known asthe"OmnibusInvestments Code of1987"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 Pl,919,500.00 and below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109(1)(P) ofthe National Internal Revenue Code(Tax Code)of 1997,as amended. Provided, however, that beginning January 01, 2021,the VAT exemption shall only apply to sale of house and lot and other residential dwellingp^ with selling price of not more than P3,199,200.00^. However, the sale of house and lot units in excess of the 3 house and lot units registered with the BOI, if any, including those units used for commercial purposes such as leasing, retail stores,offices,etc. shall be subject to the payment ofappropriate taxes under the Tax Code of1997,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 stated 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 Dasis of the facts and documents as represented and submitted. However, if upon investigaljion,the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. Issued this day of OEC 1 J /Jj',] . CAESAR R.DULAY Commissioner of Internal Revenue K-l 'Formerly;Casa Regalia,Incorporated , s Sale oflot only,regardless ofthe price,shall be subjectto VATstarting January 01,2021 pursuant to rA No. 10963. As adjusted using the 2010 Consumer Price Index values pursuant to RR No.8-2021 dated jtine 11,2021