BIR Ruling No. 299-2020

BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

NSH-0299-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated added tax (VAT), pursuant to Section 20 (d) (l) and (3) of Republic Act (RA) No. 7279, as of socialized house and lot packages under the NHA's Socialized Housing Program through the Community Initiative Approach (CIA), to wit: Number (TIN) (NHA)', is exempt from project-related income taxes, creditable withholding tax, and value July 17, 2016, on its income received directly in connection with the construction/development This certifies that ALTISSIMA ENTERPRISES with Taxpayers Identification , an entity engaged by the National Housing Authority

Villa Santa Rosa Projects Name Brgy. Caingin, Sta. Rosa, Location Laguna Housing Units Subject of Tax Exemption No. of Socialized 1,5252 Homeowners' Association. Villa Santa Rosa Beneficiaries Inc.

goods/services. It shall be understood that ALTISSIMA ENTERPRISES must issue VAT- exempt official receipts on its gross receipts from the said socialized housing projects. subject to VAT, even if the said purchases are to be used for the above-mentioned socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the However, the purchases of goods/articles by ALTISSIMA ENTERPRISES shall be

of land described below, to wit: Favor of National Housing Authority entered by the Landowners and the NHA over the parcel Moreover, the Extrajudicial Settlement of Estate with Waiver of Rights and Sale in

October 16. Date 2019 Factoriza and Felisa Heirs of Basilisa Landowners Name of Factoriza Certificate of Transfer Title No. (sq. m.) 24,33 Area Transferred (sq. m.) 24,333 Brgy. Caingin Sta. Rosa,. Location Laguna

tax/capital gains tax/expanded withholding tax, and documentary stamp tax pursuant to which will be used for the above mentioned socialized housing project, is not subject3 to income Sections 19 and 20 of RA No. 7279, as amended.

: Per Memorandum of Agreement executed on November 4, 2013. Per Certification of AR. SUSANA V. NONATO, the Regional Manager of the NHA, Region 4, dated October 17. 2019. The herein tax exemption does not cover the following: a.Estate tax due, if any, on the transfer of the share of Basilisa Factoriza (died September 19. 1947) to Victoria A. c.Estate tax due. if any, on the transfer of the property from Victoria A. Gardoce (died August 8, 1990 to Nazaria d.Donors tax, if any, on the waiver of rights made by Daniel A. Ramos of his share on the property in favor of Rex Estate tax due, if any, on the transfer of the share of Felisa Factoriza (died January 16, 1958) to Victoria A. Ciardoce Estate tax due. if any, on the transfer of the property from Nazaria G. Ramos (died September 23, 2015) to Rex Gardoce: Rommel G. Ramos. Rommel G. Ramos and Daniel A. Ramos; and G.Ramos

Y

(Villa Santa Rosa) ALTISSIMA ENTERPRISES CTE No.: Date issued: JUN U 8 2020 NSH. 02992020

intended and shall not be construed as giving authority to the concerned Register of Deeds to authority to register issued by this Bureau. In this regard, this CTE, together with the effect transfer of the land title in the name of the NHA without the necessary certificate of 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. It is, however. understood that this Certificate of Tax Exemption (CTE) is never

applied or is being applied to a socialized housing project pursuant to RA No. 7279, as Register of Deeds having jurisdiction over the property, to the effect that the same is to be amended. Upon application for exemption, a lien on the title of the land shall be annotated by the

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

Issued this day of JUN 0 8 202Q

Q3ou1y

K-1-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 035328

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