BIR Ruling No. 304-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NSH- 34-

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

residential dwellings3 with selling price of not more than P3, 199,200.00. 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other of 258 socialized housing units located at Brgy. Pawikan, Cabucgayan, Biliran, intended for the families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing Revenue Code of 1997 (Tax Code), as amended, provided that the selling price thereof does not exceed P3,199,200.002 per house and lot package; provided further, that beginning January creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, as July 17, 2016, on its income received directly in connection with the construction/development Program. Moreover, the construction/development of 258 socialized housing units shall be exempt from value-added tax (VAT) pursuant to Section 109 (1)(P) of the National Internal the National Housing Authority (NHA), is exempt from project-related income taxes and amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

be understood that PHINTECSTAR CONSTRUCTION, INC. must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project. 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 The purchases of goods/articles by PHINTECSTAR CONSTRUCTION, INC. shall

described below, to wit: Moreover, the Deeds by the Landowners in favor of the NHA over the parcels of land

Deeds Date Landowner/s Name of Seller/s of Title No. Certificate Transfer Original/ {Sq.m.} Area Transferred (Sq. m.) Area Location

Deed of Sale July 16, 2019 Carlos P. Garcia 16,471 {4, 50 A

Estate of Dioscoro Settlement with Sale of the Real Extra-Judicial O. Villacorte April 22. 2019 Diomar Villacorte O.Villacorte Villacortet Diediomar Maria Fe 21.701 5,697

3 Sale of fot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963. registered owner, Dioscoro O. Villacorte, to his heirs. 2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021. 4 This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of TCT No. 1 Per Contract Agreement dated July 2, 2019. from its

C

Phintecstar Construction, Inc./Cabucgayan Permanent Housing Page 2 of 2 CTE No.-Nc- 3 04- 2 0 2 t Date issued "AUG1 202f

capital gains tax and documentary stamp tax under Sections 19 and 20 of RA No. 7279, as July 17, 2016, and to VAT pursuant to Section 109 (1)(P) of the Tax Code, as amended. which shall be used for the above-mentioned socialized housing project, is not subject to amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated

intended, and shall not be construed, as giving authority to concerned Register of Deeds to Revenue District Office (RDO) concerned in order for the latter to issue the CAR. effect transfer of the land titles in the name of the NHA without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under RMO No. 15-2003, shall be presented to the It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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

Issued this day of _AUG1 0 2021

cesa/y

Commissioner of Internal Revenue CAESAR R. DULAY

K- 1-JAC 3* 044577