BIR Ruling No. 299-2022

REPUBLIC OFTHE. PHILIPPLNES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

PSH - 299-2022 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

Program Amendments) dated July 17, 2016, on its income received directly in connection with at Brgy. Bago Gallera, Talomo Dist., Davao City, a project duly registered with the Housing and Land Use Regulatorv Rnard (HLURi)' under Certificate of Registration No. its sale of socialized house and iot units for residential and dwelling purposes to qualified beneficiaries in Deca Homes Talomo Phase 1, consisting of 2,763 house and lot units, located License. to Sell No. Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development P from income tax and creditable withholding tax (CWT) pursuant to Section 20 (d) (1) of This certifies that 8990 HOUSING DEVELOPMENT CORPORATION is exempt 2 per house and lot. provided that the selling price of said units does not exceed and

below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as amendeaProvided, however, 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 P3: 199,200.00.4 Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

whichever is higher. Likewise, lots/units classified as Economic Housing, not being covered by RA No. 7279, shall be subject to the payment of appropriute taxes. covered by the tax exemption clause in Section 20 of RA No. 7279. Thus, the documents of 1997, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of the same Code, conveying the properties shall be subject to DST imposed under Section 196 of the Tax Code It is observed, however, that documentary stamp tex (DST) is not one of the taxes

applicable BiR rules and regulations and the Terms and Cer.ditions stated at the back hereof. The Company is liabie, however, for other applicable taxes not discussed above. The grant of tax exemption herein is subject to the c.ompliance with the provisions of

that the facts are different, then this C:ertificate shall be consilered null and void. documents as represented and submiited. However, if upon' investigation, the BIR ascertains This Certificate of Tax Exeinption is being issuec on the basis of the facts and

Issued this day of JWJN 2 0 2022

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Commissioner of Internal Revenue CAESAR R. DULAY H w. 051883

+ As adjusted using the 2010 Consumer Price Index values pursuant to Revenue R.:gulations No. 8-2021 dated June 11, 2021. : Now: Department of Human Sett lerments and Uithan Development (DHSUD). 2 Per HLURB License to Sell No. 3 Sale of lot only, regardless of the price, shatl be: ubject to VAT starting Januar y 01, 2021 pursuant to RA No. 10963. dated St'ptember 18, 2017