BIR Ruling No. 550-2018

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tay Exemption No: SSn

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that C.B. GARAY PHILWIDE BUILDERS (TIN: an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 d)(1) and (3 of Republic Act No.7279, on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority

(NHA)'s Yolanda Permanent Housing Program, to wit:

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption

May 19.2017 July 13,2017 Greenpark 2 Basey.Samar Brgy. Roxas. 831

However, the purchases of goods/articles by C.B.GARAY PHILWIDE BUILDERS shal! 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 C.B. GARAY PHILWIDE BUILDERS must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project.

favor of the NHA over the parcels of land described below, to wit: Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the Landowners in

Unilateral Sale Deeds of Sale Date of Landowner/Seller Name of Certificate of Title (TCT) No. Original (Sq. m.) Area Transferred Area Location

July 13,2017 Wenifredo Ocdol 26, 8 14 20,598 Brgy.Roxas. Basey, Samar

July 13,2017 Wenifredo Ocdol 10,508 10,508 Basey.Samar Brgy.Roxas

July 13,2017 July 13,2017 Erlinda B.Macantan Marita M. Kondoh 11,225 19,475 19475 11.225 Brgy. Roxas. BaseySamar Basey,Samar Brgy.Roxas

Juty 13,20|7 Heirs of Concepcion Odayat 32,490 32,490 Brgy. Roxas. Basey Samar

which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No.

7279

C.B.GARAY PHILWIDE BUILDERS Page 2 of 2 Date issued _APR 0 2 2018 CTE No. 550-2018

this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by concerned in order for the latter to issue the CAR. It is, however, understood that this CTE is never intended, and shall not be construed.

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 ofAPR0 22018

K-I-JAC Commissioner of Internal Revenue naannrey CAESAR R. DULAY 014853