BIR Ruling No. 425-2021

REPUBLIC OF THE PHILIPPINES

DEPARTMEN^f OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City.

Certificate of Tax Exemption No: NsH7&25 -2021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Sites 1, 2, & 3 located at Brgy. Cangmoya, Palompon, Leyte, intended for the families affected pursuant to Section 109 (1)(P) of the National Internal Revenue Code of 1997, as amended, more than P3,199,200.00. 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 July 17, 2016, on its income received directly in.connection with the construction/development by Typhoon Yolanda under the NHA's Yolanda Permanent Housing Program. Moreover, the construction/development of the remaining works for 860 socialized housing units in Mont Eagle Ville IV Subdivision Sites 1, 2, & 3 shall be exempt from value-added tax (VAT) provided that the selling price thereof does not exceed P3,199,200.002 per house and lot package; provided further, that beginning 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 the National Housing Authority (NHA)', is exempt from project-related income taxes and of the remaining works for 860 socialized housing units in Mont Eagle Ville IV Subdivision This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

issue VAT Exempt official receipts on its gross receipts from the said socialized housing INC., shall be subject to VAT, even if the said purchases are to be used for the socialized 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 project. However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION,

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. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of NOV 1 0 2021

Commissioner of Internal Revenue 1dcw CAESAR R. DULAY

K 047159

1 Per Contract Agreement dated September 14, 2021. 3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963. 2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Reguiation No. 8-2021 dated June 11, 2021.