BIR Ruling No. 473-2021

REPUBLIC OF.TI^E PHILIPPINES DEPARTMENT OF FINANCE BUREAU OFINTERNALREVENUE j Quezon City Certificate of Tax Exemption No: - 0 /. 71 - 7 n ? I CERTIFIC4.TE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: This certifies that NURB CN ENGINEERING & BUILDING CONTRACTOR,an entity engaged by the National Housing Authority(NHA)',is exempt from project-related income taxes and creditable witFihclding 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 of 109|socialized housing units in Ayer Village Subdivision Phase HI located at Brgy. Sta. Catalina| Zamboanga City, intended for the families whose houses were totally burned during the armed conflict that happened between the MNLF Misuari faction and governmentforces. Mbreover,the delivery of 109socialized housing units shall be exempt from value-added tax(V|T)pursuant to Section 109(1)(P)of the National Internal Revenue Code of 1997, as amencjed, provided that the selling price thereof does not exceed P3,199,200.00^ 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 ofnof more than P3,199,200.00. However, the purchases] of goods/articles by NURBEN ENGINEERING & BUILDING CONTRACTOR,shall be subject to VAT,even ifthe said purchases are to be used for the socialized housing pr|)ject, since VAT is an indirect tax which can be passed on by the seller ofthe goods/services.!It shall be understood that NURBEN ENGINEERING & BUILDING CONTRACTOR must issue VAT Exempt official receipts on its gross receipts from the said socialized housing pifoject. This Certificate of Tax nlxemption is being issued on the basis of the facts and documents as represented and subi|nitted. However, if upon investigation, the BIR ascertains that the facts are different, then thi^ Certificate shall be considered null and void. Issued this day of | '-Jet . , CAESAR R. DULAY ^ Commissioner of Internal Revenue K-l-JAC 'Per Contract Agreement dated August 26,2021. ^ As adjusted using the 2010Consumer Price Iridex values per Revenue Regulation No.8-2021 dated June 11,2021. 'Sale of lot only,regardless ofthe price, shall be subjectto VAT starting January01,2021 pursuant to RA No. 10963.