BIR Ruling No. 373-2022

REPUBLICOF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No:

NSH-373-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

of Republic Act RA) No. 7279, as amended by RA No. 10884 Balanced Housing Pablo victims, located at Brgy. New Visayas, Montevista, Compostela Valley. Development Program Amendments) dated July 17, 2016, on its income received directly in housing units in Vida Vista 3, a socialized housing project of the NHA intended for Typhoon CORP.,an entity engaged by the National Housing Authority NHA, is exempt from project-related income taxes/creditable withholding tax (CWT) pursuant to Section 20 (d)(l) connection with the construction/procurement of additional 111 developed lots and completed This certifies that NEW BILREY CONSTRUCTION AND DEVELOPMENT

January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other National Internal Revenue Code (Tax Code of 1997,as amended, provided that the value thereof does not exceed P3,199,200.00 per housing unit; provided further, that beginning residential dwellings with selling price/value of not more than P3,199,200.00.2 units shall be exempt from value-added tax (VAT pursuant to Section 109l(P of the Moreover, the delivery of the said additional 111 developed lots and completed housing

receipts on its gross receipts from the said socialized housing project. by the seller of the goods/services. It shall be understood that NEW BILREY CONSTRUCTION AND DEVELOPMENT CORP.must issue VAT-exempt official AND DEVELOPMENT CORP.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 However, the purchases of goods/articles by NEW BILREY CONSTRUCTION

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 AUG 2 5 2022

K-I /220o Commissioner of:Internal Reyenue LILIA CATRISGUILLERMO 000869

2 As adjusted using the 2010 Consumer Price Index values per Revenue Regulations (RR)No. 8-2021 dated June 11.2021. Sale of lot only, regardless of the price, shall be subject to VAT starting January 01. 2021 pursuant to RA No. 10963.