BIR Ruling No. 807-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 0807-2019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Code of 1987 and Section 2.57.5 (B) (2) of Revenue Regulations (RR) No. 2-98, as amended. project (vertical), Field Residences Building 4 -- Barangay Manuyo Uno, Las Pinas City Barangay Manuyo Uno, Las Pinas City a project duly registered with the Board of BOI, pursuant to Executive Order No. 226, otherise known as the "Omnibus Investments Identification Number (TIN) withholding tax on its income received directly in connection with its low-cost mass housing consisting of 600 housing units used solely for family heme or dwelling purposes, located at (3) years beginning from December 2014 or actual start.of commercial operations/selling whichever is earlier, but in no case earlier tharr tite,uarz of registration of the project with the. Investments (BOI) under Registration No. This certifies that SM DEVELOPMENT CORPORATION, with Taxpayers is exempt from income tax and creditable dated March 5,2014,for a period of three

below, or house and lot and other residentiai dwellings valued at P3,199,200.00 and below, is with selling price of not more than P2.070,000.00. exemption from VAT shall only apply to exempt from value-added tax (VAT) purs Revenue Code of 1997, as amended. Pro. Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and of house and lot and other residential dwellings? however,that beginning January 01,2021, the to Section i 09 (1)(P) of the National Internal

well as the 21 comm: rcial (storage) and 106 parking slots, including those other units used for the BOI (per HLURE. License to Se commercial purposesuch as leasi of approf How taxes under th. he sale of ho Hohal internal Revenue Code of 1997, as amended. its in excess of the 600 housing units registered with il stores, offices, etc., shall be subject to the payment , the excess is 2 residential housing units), as

applicable B The Compan Th it of tax exenrion herein is subject to the compliance with the provisions of u'es and re gu!ations and the Terms and Conditions stated at the back hereof. 'iable, however, for all other applicable taxes not discussed above.

that the fact documents a Is This ifferent, then this Certifich esented and submitted: However, if upon investigation, the BIR ascertains icate of Tax Exermptiom day of DEC 2117 lis being issued on the basis of the facts and te shall be considered null and void. 2019

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K-1 Commissioner of Internal Revenue CAESAR R.DULAY 9 031633

Sale of iot ony. regardless of the price, shali be subject to VAT starting January O1, 2021 pursuant to Republic Act (RA) Per Certificate of at Dr. A. Santos Avenue. Brgy. San Dionisio, Paranaque City / Barangay Manuyo Uno, Las Pinas City. Regulatory Board (HLURB) dated February 22, 2017 and June 27. 2017 respeetively, Field Residences Building 4 is located No. 10963. r.tion No.02804 Ad License to Sell No. both issued by the Housing and Land Use