BIR Ruling No. 298-2021

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City.

Certificate of Tax Exemption No: NSH-298-2o2

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

provided further, that beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other residential dwellings3 with selling price of not more than that the selling price thereof does not exceed P3,199,200.002 per house and lot package; P3,199,200.00. families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing lots and 234 socialized housing units (new construction of 61 housing units and completion of 173 housing units started) shall be exempt from value-added tax (VAT) pursuant to Section 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 of the remaining works for 300 developed lots and 234 socialized housing units (hew Arthur Town Ville located at Brgy. Vigan, Gen. Mac Arthur, Eastern Samar, intended for the Program. Moreover, the construction/development of the remaining works for 300 developed 109 (1)(P) of the National Internal Revenue Code of 1997 (Tax Code), as amended, provided the National Housing Authority (NHA)', is exempt from project-related income taxes and construction of 61 housing units and completion of 173 housing units started) in Gen. Mac This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

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

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

Date of Deed of Absolute Sale Name of Landowners ISellers Certificate of Origina! Title No. (Sq.m.) Area Transferred (Sq:m.) Area Location

February 24. 2016 Lorenzo D. Abendanio Dionesio N. Habagat Felipe A. Abendafio Dominador A. Abendanio 53,126 25.822.35

1 Per Contract Agreement dated August 1, 2019. 2 As adjusted in 2011 using the 2010 Consumer Price Index values pe Revenue Regulation No. 8-2021. 3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963.

Page 2 of 2 Phintecstar Construction, Inc./ Gen. Mac Ar:hur Town Ville CTE No. -C2 98 Date issued AUG 1 2021 21

capita! gains tax and documentary stamp tax under Sections 19 and 20 of RA No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 1'7, 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

intended, and shall not be construed, as giving authority to.concerned Register of Deeds to effect transfer of the land titles in the name of the NHA without the necessary Certificate It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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 Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

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 AUG 1 0 2021

COA

Commissioner of Internal Revenue CAESAR R. DULAY

044585 K-1-JAC