BIR Ruling No. 478-2020

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certicate of Ta /xemption No Neh -

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that CSE BUILDERS (TIN: ), an entity engaged by the

National Housing Authority (NHA), is exempt from project-related income taxes and

creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act 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

socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit:

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

Sept. 19, 2017 Jan. 26, 2018 * San Antonio Homes Brgy. Linao, San Isidro, Leyte 144

However, the purchases of goods/articles by CSE BUILDERS 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 CSE BUILDERS must issue VAT Exempt official receipts on its gross receipts from the

said socialized housing project.

Moreover, the Deed of Sale executed by the Landowner in favor of the NHA over the

parcel of land described below, to wit:

March 7,2018 Date of Deed of Sale FERDINAND M. Name of Seller FABILE Original Certificate of Title No. (Sq.m.) Area Transferred (Sq. m.) Area Brgy. Linao, San Isidro, Leyte Location

which shall be used for the above-mentioned socialized housing project, is not subject to capital

gain tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No.

7279.

It is, however, understood that this CTE is never 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 buyer without the necessary Certificate Authorizing Registration (CAR) issued by

S

Page 2 of 2 CSE Builders - San Antonio Homes Date issued AUG 20 2020 CTE No. NH-0478-2020

this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

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

Issued this day ofAUG 2 0 2020

CAESAR R.DULAY Commissioner of Internal Revenue

036325 K-1-JAC G