BIR Ruling No. 35-2020

REPUBLICOFTHE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNALREVENUE

Quezon'City

Certificate of Tax Exemption No

BOI-LEC1-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM ITMAY CONCERN:

operations/selling. whichever is earlier, but in no case earlier than the date of registration of the investments Code of i987" and Section 2.57.5 (B) (2) of Revenue Regulations (RR) No. 2-98. 2017, for a period of 4 years beginning from December 2017 or actual start of commercial project with the BOI, pursuant to Executive Order No. 226. otherwise known as the "Omnibus as amended. General Santos - Conei Road, Brgy. San Isidro, General Santos City consisting of 969 units. located at Conel Road, Brgy. San Isidro, General Santos City. a project duly registered received directly in connection with its economic and low-cost housing project, Lumina with the Board of Investments (BOI) under Registration No. This certifies that BRIA HOMES, INC. with Taxpayers Identification Number (TIN) , is exempt from income tax and creditable withholding tax on its income dated December 27

VAT-exempt under Section 109(1)(P) of the National Internal Revenue Code of 1997, as amended.Provided. however, that beginning January 01.2021.the VAT exemption shall only apply to sale of house and lot and other residential dwellings with selling price of not more than P2,000.000.00. below, or house and lot and other residential dwellings valued at P3.199.200.00 and below. is Moreover, the sale by the Company of residential lot valued at P1,919.500.00 and

if any, shall be subject to the payment of appropriate taxes under the Naional Internal Revenue Code of 1997, as amended. However. the sale of housing units in excess of the 969 units rog stered with the BOI.

The Company is liable, however, for all other applicable taxes not discussed above. applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof. The grant of tax exemption herein is subject to the compliance wvith the provisions of

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 JAN 0 9 2020

1a3ana

K-1-MDT Commissioner of Iriternal Revenue CAESAR R.DULAY 9 031964

Sale of lot onlyregardless of the priceshall be subject to VAT starting January O1.2021 pursuant to RA No 10963