BIR Ruling No. 307-2022

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No:

NSH-.307 -2022 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

of not more than P3,199,200.00. 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 dwellings3 with selling price San Isidro, Leyte, intended for the families affected by Typhoon Yolanda under the NHA's remaining works for 463 socialized housing units in Montview shall be exempt from value- added tax (VAT) pursuant to Section 109 (1)(P) of the National Internal Revenue Code of 1997, as amended, provided that the selling price thereof does not exceed P3,199,200.002 per of the remaining works for 463 socialized housing units in Montview located at Brgy. Croesing. Yolanda Permanent Housing Program. Moreover, the construction/development of the July 17,2016,on its income received directly in connection with the construction/development creitable withholding tax, pursuant to Section 20 (d1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated the National Housing Authority (NHA)1, is exempt from project-relatec income taxes and This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

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

that the, facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation, the BIR ascertains Issued this This Certificate of Tax Exemption is being issued on the basis of the facts and day of JUN 23,2022

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K-1-JAC Commissioner of Internal Reven CAESAR R.DULAY 051943

3Sale of lot only,regardless of the price,shall be subject toVAT starting January O12021 pursuant to RA No.10963. 2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021 dated June 11, 2021. 1 Per Contract Agreement dated April 8, 2022.