BIR Ruling No. 455-2021

REPUBUC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City Certificate o^Tax Exemption No; hA 5b -7 . CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: This certifies that LUMINA HOMES,INC. with Taxpayer Identification Number , is exempt from income tax and creditable withholding tax on its income received directly in connection with its low-cost mass housihg project (horizontal), LUMINA PHASE 1 - Brgy.San Vicente,Sto.Tomas,Batangas,consisting of housing units used solely for family home or dwelling purposes, located at Brgy. San Vicente, Sto. Tomas, Batangas, a project dulv registered with the Board of Investments (BOI) under Certificate ofRegistration No. . dated September 18,20131 for a period of4 years beginning from September 2013 or actual start ofcommercial operations/selling, whichever is earlier,butin nocase earlierthan the date ofregistration ofthe project with the BOI,pursuant to Executive Order(BO)No. 226, otherwise known as the "Omnibijis Investments Code of 1987" and Section 2.57.5(B)(2)ofRevenue Regulations(RR)No.2-98,as amended. Moreover, the sale by the Company of residential lot valuejl at Pl,919,500.00 and below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109(1)(P)ofthe National Internal Reveriue Code(Tax Code)of 1997, as amended.Provided, however,that beginning January 01,2021,the VAT exemption shall only apply to sale ofhouse and lot and other residential dwellings^ with selling price of not more than P3,199,200.00^. However,the sale ofhousing units in excess ofthe 168 housing units registered with the BOI, if any, including those units used for commercial purposes such as leasing, retail stores, offices,etc. shall be subject to the payment ofappropriate taxes under the Tax Code of 1997,as amended. I The grant oftax exemption herein is subject to the complianie with the provisions of. applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof. The Company is liable, however,for all other applicable taxes not discussed above. This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. However, if upon investi^ation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. Issued this day of nrr i i /lliL. CAESAR R.DULAY'^ I � 04776^ CommissionerofInternal Revenue K-l-MDT DCIR MOC ACJR LMB HREA FMF DCJHB AC LMAT MOT OCIR 'Now;Prima Casa Land & Houses Inc. I - Sale oflotonly,regardlessofthe price,shall besubject to VATstarting January01,2021 pursuantt|)RA No.10963. ^ As adjusted using the 2010 Consumer Price Index values pursuant to RR No.8-2021 dated June 11,2021