BIR Ruling No. 583-2017

BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City Ites

Certificate of Tax Exemption No: 1

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that GULF-CANARY CONSTRUCTION & DEVELOPMENT,INC.

exempt from project-related income taxes. creditable withholding tax and value added tax (TIN: '), an entity engaged by the National Housing Authority (NHA). is

(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 socialized housing units under the National Housing Authority (NHA)'s Z3R Rehabilitation Project - Mariki, to wit:

July 31,2014 Notice of Date of Award Agreement August i2. Contract Date of 2014 Contract Price (Php) Project - Mariki Project Name Rehabilitation Z3R Brgy. Mariki. Zamboanga Location C ity No. of Socialized 642 Housing-on- Housing Units subject of tax exemption Stit

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

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 of DEC 0 7 2017

1EaM

Commissioner of Internal Revenue CAESAR R. DULAY 011647

K-I-JAC