BIR Ruling No. 495-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Ouezon City

IpD

Certificate of Tax Exemption No: 495-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

of 1997, as aniended. on its income received directly in connection with its sale of socialized pursuant to Section 20 of Republic Act (RA} No. 7279 and Section {09(1)(P) of the Tax Code Kawayan H, General 'T'rias, Cavite, a project duly registered with the Housing and Land Use Regulatory Board (HLURB) with Certificate of Regisiration No. No. housing units in Kaia Homes Phase 3, consisting of 792 lots/units. located at Brgy. Pasong s exempt from income tax. creditable withholding tax (CW'I) and vatue-added tax (VAT) This certifies that KAIA HOMES, INC., with Tax Identification Number provided that the selling price per house and lot does not exceed P450.000.00'. and License to Sei!

covered by the tax exemption clause in Section 20 of RA No. 7279. Such being the case, the owner/project developer/seller shall be liable to pay the documentary stamp tax imposed under Section 196 of the T'ax Code of 1997. as amended. on the documents conveying the properties. determined in accordance with Section 6 (E) of the same Code. whichever is higher. based 'on the consideration contracted to be paid for such realties or on their fair market value Nonetheless. it is observed that documentary stamp tax (DST) is not one of the taxes

applicabie BiR rutes and regulations and the Terms and Conditions stated at the back hereof. The C'ompany is liable, however, for all other applicable taxes not discussed above. The grant of tax exemption herein is subject to the compliance with the provisions of

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 OCT 23 2017

asamAx

K - Commissioner of Internal Revenue CAESAR R. DULAY 010038

1 Per License to Sell No the maximum selling price per house and lot is pegged at P450,000.00

Kaia Homes, Inc. Page 2 ot'2 CT. NO. Date issued 0 495-2017

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

t. The exemption from income. creditahle withholding taxes and VAT covers only income directly attributable to the revennes generated from the 792 socialized housing units in Kaia Homes Phase 3 located at Brgy. Pasong Kawayan ll. General Trias

(avite.

2. The developer shall submit the sworn statement of the huyer that the latter is etigible as (( AR) for the transfer of the titie of the socialized housing unit. a socialized housing beneticiary under Section 5 (A) ot Revenue Regulations (RR) No. I1-97 to the BiR during the processing of the Certificate Authorizing Registration

3. It is understood that the (ertificate Authorizing Registration (CAR) shall only be issued after it is established upon proper verification by the Revenue District Officer (RDO) really exceed P450.000.00, and P180.000.00 for lot onty concerned that, considering the rules on vatuation of real property, the actual selling price per sale transaction of the socialized house and lot packages in this case does not