BIR Ruling No. 432-2022

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Certificate of Tax Exemption No NSH-432-2022

CERTIFICATEOF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and other residential dwellings4 with selling price.of not more than P3,199,200.00. thereof does not exceed P3,199,200.003 per house and iot package; provided further, that beginnihg January 01,2021,the exemption from VAT shall only apply to sale of house and lot Program for Local Government Units (RAP-LGU.Moreover,the delivery of 140 socialized housing units shall be exempt from value-added tax VAT) pursuant to Section 1091)(P) of the National Internal Revenue Code of 1997,as amended, provided that the selling price/value development/ construction of 1402 socialized housing units in Carmen Resettlement Project Phase I located at Brgy. General Luna Carmen, Cotabato,intended for the informal settler families (ISFs) requiring relocation and resettlement under the Resettlement Assistance entity engaged by the National Housing Authority NHA1,is exempt from project-related No.7279,as amended by RA No.10884Balanced Housing Development Program income tax and creditable withholding tax pursuant to Section 20 (d)(1) of Republic Act (RA Amendments dated July 17,2016, on its income received directly in connection with the This certifies that COFEJOK CONSTRUCTION& SUPPLY CORPORATION,an

for the socialized housing project, sinceVAT is an indirect tax which can be passed on by the SUPPLY CORPORATION, shall be subject to VAT, even if the said purchases are to be used seller of the goods/services.It shall beunderstood that COFEJOK CONSTRUCTION & SUPPLY CORPORATION must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project. However, the purchases of goods/articles by COFEJOK 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 11 2022

hal L GnlLs

Commissioner of Internal Revenue LILIA CATRISGUILLERMO

K-1-JAC 002411

4Sale of lot ony,regardless of the price, shall be subject to VAT starting January O1, 2021 pursuant to RA No.10963. 1Rer Contract Agreement dated September 24,202 2 Per Certification issued by the NHAXII Regional Office, City of Koronadal, South Cotabato dated August 16 3 Asadjusted using the 2010 Consumer Price Indexvalues per Revenue Regulation No.8-2021 dated June 11,2021. 2022.

PO PHEMSUANS 1E11