BIR Ruling No. 402-2021

REPUBLGOFIHE PHLIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No:

NSH - 2 il?

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Municipality of Jamindan, Province of Capiz. developed lots and completed housing units in Jamindan Ville 2, a socialized housing project of the' NHA under the NHA's Yolanda Permanent Housing Program, located 'in "the (CWT) pursuant to Section 20 (d) (1) of Republic Act (RA) No. 7279, as amended by RA No. income' received directly in connection with the procurement/construction of 710 fully 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its This certifies that Edly Construction, with Taxpayer Identification Number (TIN) . is exempt from project-related income taxes/creditable withholding tax

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 does not exceed P3,199,200.00 per house and lot package; provided further, that.beginning 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 delivery of the said 710 fuliy developed lots and completed housing units

receipts from the said socialized housing project. is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that Edly Construction must issue VAT-exempt officiai receipts on its gross VAT. even if the said'purchases are to be used for the socialized housing project, since VAT However, the purchases of goods/articies by Edly Construction shali be subject to

NHA over the parcels of land described below, to wit: Furthermore, the Deeds of Absolute Sale executed by the Landowner/s in favor of the

Aug. 25. Aug. 25. 2021 Date 202 Name of Landowner/s Edly Construction+ Edly Construction? Certificate of Title {OCT} Original (Sq. m.) 35.008 26.04 Area Transferred (Sq. m.) 35.008 2604 Area Agambulong. Location Jamindan. Brgy. Capiz

income tax/capital gains tax/expanded withholding tax and documentary stamp tax pursuant to Sections 19 and 20 of RA No' 7279 and to VAT pursuant to Section 109 (1) (P)'of the Tax Code of 1997, as amended. which shall be used for the above mentioned socialized housing project. are not subject to

with Deed of Absolute Sale dated August 18. 2020 executed by and between the Heirs of Jose Gerafusco and L:dly 4 with Deed of \bsolute Sale dated August I8. 2020 executed by and between Maria Gerafusco. married to (Gjerman Luces : Sale of lot only. regardless of the price. shall be subject to VAT starting January 01. 2021 pursuant to RA No. 10963. % As adjusted using the 2010 Consuner Price Index values per Revenue Regulations (RR) No. 8-2021 dated June I1. 2021. NOTE: This CTE does not include exemption from estate tax which may be due. if any, on the cstate of Jose Gerafusco. nd Edly Construction. Construction.

Edly Construction (Jiindan Vitlle 2) CTE No.. Date issued: NSH

intended and shall not be construed as giving authority to the concerned Register of Deeds to authority to register issued by this Bureau. In this regard, this CTE shall be presented to the complete requirements provided under Revenue Memorandum Order (RMO) No. 15-2003. effect transfer of the land titles in the name of the buyer without the necessary certificate of Revenue District Office (RDO) concerned in order for the latter to issue' the Certificate Authorizing Registration (CAR). The CAR shall only be issued after submission of the It is, however, understood that this Certificate of Tax Exemption (CTE) is never

the Register of'Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No. 7279. Upon application for exemption, a lien on the titles of the land shall be annotated by

this Certificate shall be considered null 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 i 2

1ae3Q11y

K1 Commissioner of Internal Revenue CAESAR R. DULAY 332 O

PHGE 2OF2