BIR Ruling No. 487-2019

BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTAIENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 0 8Z-2 019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

an entity engaged by the National Housing Authority (NHA),-is exempt trom project-reiated income taxes. creditable withholding tax and value added tax (VAT). pursuant to Section 20 Development Program Amendinents; Aated July: 17. 2016, on its income received directly in connection with the construction/development of socialized housing units under the NHA's (d)X(1) and (3) of Republic Act No. 7279. as amended by RA No. 10884 (Balanced Housing Yoianda Permanent Housing Program. to wit: This certifies that R.R. ENCABO CONSTRUCTORS, INC. (

Notice of June 15. Date of Award 207 Agreement August 31. Contract Date of 20 8 Contract Price (Php) Project Name Nabas Site I. Location Pinatuad. Brgy. Aklan Housing Units subject of tax exemption Socialized No. of 568

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 project. INC. shall be subject to VAT. even if the said purchases are to be used for the socialized goods/services. It shall be understood that R.R. ENCABO CONSTRUCTORS, INC. must However. the purchases of goods/articles by R.R. ENCABO CONSTRUCTORS,

favor of the NHA over the parcels of land described below. to wit: Moreover. the Deeds of Absolute Sale: Unilateral Sale Executed by the Landowners in

Date of Deed March 25. March 25. March 25. of Sale 200 20!9 2019 Landowners/Sellers Name of Certificate of Titte Transfer/Original No. (Sq.m.) 6.629 Area 412 +2 . 1 Transferred : (Sq. m.) 6.b29 Area 42 42 i Nabas. AKlan 'Brgy. Pinatuad. Brgy. Pinatuad. Nabas. Aklan Brgy. Pinatuad. Nabas. Aklan Location

C

.R.R. Encabo Constructors, Inc./ Hill Country Nabas Page 2 of 2 Date ssued SEP % 6 Z019. CTE No.

March 25. 20! 9 460 410 Brgy. Pinatuad. Nabas, Aklan March 25. 2019 8. 902 8. 02 Brgy. Pinatuad. Nabas. Aklan Marct: 25. 201 4.489 4.489 Bray. Pinatuad. Nabas, Aklan

which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No 7279

It is, however. understood that this CTE is never intended. and shall not be construed.

concerned in order for the latter to issue the CAR. this-Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) as giving authority to concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by

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 SEP 0 6 2019

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K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY 028629