BIR Ruling No. 332-2018

TER REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

I0 Certificate of Tax Exemption No: 332-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that NORZON CONSTRUCTION & DEVELOPMENT CORP. (TIN:

, is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20(d)(1) and (3) of Republic Act No. 7279, otherwise known as the "Urban Development and Housing Act of 1992", on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Community Initiative Approach Program {CIAP), to wit:

Resettlement Norzagaray Homes Project Project Name 2015 September August 27. 26, 2014 Deed of Sale Absolute Date of Seiling Price Norzagaray, Brgy. Minuyan. Norzagaray. Brgy. Minuyan. Bulacan Bulacan Location under Batch 1-2014. under Batch 2-2015. 1,191 developed lots area of 50,793 sq.m 1.309 developed lots area of 58.141 sq.m. with an aggregate with an aggregate No. of Socialized Housing Units subject of Tax Exemption

However, the purchases of goods/articles by NORZON CONSTRUCTION &

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 NORZON CONSTRUCTION & DEVELOPMENT CORP. shall be subject to VAT, even if the said purchases are to be used

DEVELOPMENT CORP. must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects.

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 MAR 0 7 2018

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Commissioner of Intarnal Revenue CAESAR R. DULAY 14067 K-I