BIR Ruling No. 640-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPART'MENT OF FINANCE

Quezon City

Certificate of T. 640-20 Exemption No:

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Project of the Quezon City Government, to wit: Government, is exempt from project-related income taxes, creditable withholding tax and valuc 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 the Socialized Housing with Tax Identification Number This certifies that SOLIDROCK CONSTRUCTION & DEVELOPMENT CORP.. an entity engaged by the Quezon City

December 3, 2014 Date of Contract Agreement Housing Project Bistekville -- 9 Project Name Brgy. Gulod. Quezon City Location "192 condominium storey walk-up Hn'ts of three.- No. of Units

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

documents as represented and submitted. However, if upon investigation. the BIR ascertains that the facts are different, thcn 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 of DEC..19 2017

CAA

K-1 Commissioner of Internal Revenue CAESAR R. DULAY 0 11 9 3 3