BIR Ruling No. 689-2020

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City.

Certificate of Tax Exemption No: NSH -6 8 9 - 2 0 20 DEC 2 9 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit: National Housing Authority (NHA), is exemptfrom project-related income taxes and creditable withholding 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 This certifies that CSE BUILDERS (TIN: ,, an entity engaged by the

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

30, 2018 August February 7, 2019 Town|Ville Dagami Brgy. Sawahon, Dagami, Leyte 234

the Landowner in favor of the NHA over the parcel bf land described below, to wit: Moreover, the Affidavit of Self-Adjudication with Deed of Absolute Sale executed by

Date Landowner Name of ISeller Certificate of Transfer Title No. Original (Sq.m.) Area Transferred (Sq. m.) Area Location

September 19, 2019 Felicidad B. Justimbaste 22,476 22,476 Brgy. Sawahon, Dagami, Leyte

documentary stamp tax pursuant to Sections 19 and 20 of RA No. 7279, as amended. in so far as 21,101 sq.m., the area corresponding to the 234 housing units which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and

It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to concerned Register of Deeds to effect transfer of the land titles in the

1 This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of OCT No. P-17292 from its registered owner, Valentina Lobrigo-Baniadora, to her heir.

CSE BUILDERS/Dagami Town Ville Page 2 of 2 CTE No. NSH -6B 3 - 2 02 0 Date issued - DEC 2 9 2020

name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

Register of Deeds having jurisdiction over the property, to the effect that the same is to be applied or is being applied to a socialized housing project pursuant to RA 7279. Upon application for exemption, a lien on the title of the land, shall be annotated by the

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 This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of DEC2 9, 2020

aeea

CAESAR R. DULAY Commissioner of Internal Revenue

038880

K-1-JAC