BIR Ruling No. 457-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE "HILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No:

CERTIFICATE OF TAX EXEMPTION

over the parcel of land described below. to wit: CONSTRUCTION (TIN: This certifies that ihe Deed of Absolute Sale (DOAS) executed by ARR ) and the National Housing Authority (NHA)

October Date of DOAS 2016 I Vendor/Devetoper ARR Construction represetting Annalisa (. Name of Tang son Certificate of Transfer Title No 20.559 Aggregate Sq. m. Area developed lots under Iconsisting of three Area Transferred hundred(300) Batch 1-2016] 12.000 sq. m. San tuis. Aurora Brgy. Ditumabo. Location of Property Province

and Section 109 (1) (P) of the Nationat Internal Revenue Code of 1997. as amended. which will be used for the San Luis Villas Resettlement Project. a socialized housing project income tax/capital gains tax/expanded withhoiding tax, documentary stamp tax (DST) and value-added tax (VAT) pursuant to Sections 19 and 20 of Rcpublic Act (R'A) No. 7279 of the NHA through its Community Initiative Approach Program (CIAP). is not subject to

receipts from the said socialized housing project. 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 by the setler of the goods/services. It shall be understood that ARR Construction must issue VAT-exempt otticial receipts on its gross However, the purchases of goods/articles by ARR Construction shall be subject to

intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land titie in the name of the NitA without the Certificate Authorizing Registration (CAR) issued by this Bureau. in this regard, this CTF. together with the documentary requirements provided under RMO No. I5-2003. shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issuc the CAR it is. however. understood that this Certificate of Tax Exemption (CTE) is never

be applied or are being applicd to a socialized housing project pursuant to RA 7279. thc Register of'Deeds having jurisdiction over the properties. to the effect that the same are to Upon application for exemption. a lien on the titles of the lands shall be annotated by

this Certificate shall be considered null and void. submitted. However, if upon investigation, the BIR ascertains that the facts are different. then This CTF is being issued on the basis of the facts and documents as represented and

Issued this day of

-K-I-L.M.AT Commissioner of Iniernal Revenue CAESAR R. IULAY 009308