BIR Ruling No. 401-2019

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 0401-2019

CERTIFCATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

an entity engaged by the National Housing Authority (NHA), is exempt from project-related This certifies that TRIUMPH BUILDERS & STEEL, INC. (TIN: I

Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development of socialized housing units under the NHA's Socialized Housing Program, intended for the relocation and resettiement of Informal Settler Families (ISFs) living in danger areas and in other public places, to wit: income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, as amended by RA No. 10884 (Balanced Housing

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

March 9. 2017 May l9, 207 Construction of Eight (8) - Three (3) Storey Low Rise Bldg. and Land Development Site 4, Package 22 Valenzuela Bignay, Brgy. City 2883

" official receipts on its gross receipts from the said socialized housing project.. shall 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 TRIUMPH BUILDERS & STEEL, INC. must issue VAT-Exempt However, the purchases of goods/articles by TRIUMPH BUILDERS & STEEL, INC.

1 The original contract price amounting to # National Housing Authority dated February 18, 2019. was adjusted to # for additional works covered by Variation Order No. 1 issued by the per Contract Agreement dated May 19, 2017

2 Certificate of Tax Exemption was previously issued under BIR Ruling No. 014-2018 dated January 16, 2018.

3 The number of units was not affected by the above-mentioned Variation Order

"Triumph Builders & Steel, Inc./Variation Order No. 1 Page 2 of 2 CTE No.- 0 4 0 1 - 2 0 1 9 Date issued : jUl 9 2019

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

Issued this day of JUL 1 9 2u}

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CAESAR R. DULAY Commissioner of Internal Revenue 027083

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