BIR Ruling No. 679-2020

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH-0679-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that HI-TRI DEVELOPMENT CORPORATION with Taxpayers'

Identification No.(TIN) , an entity engaged by the National Housing

Authority (NHA), is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279,

of socialized housing under the NHA's Socialized Housing Program, intended to AFP/PNP but as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development re-allocated to Former Rebel's Housing Project, to wit:

No. of Socialized

Date of Letter Guaranty Agreement Contract Date of Contract Price (Php) Project Name Location Housing Units in subject of Tax Subdivision Exemption Vale Vista

per Brgy. Mambu-aya, Dec. 8, 2015 Nov. 09, 2015 & 22 m2 floor area) Package (40 m2 lot House and Lot CDO Mid-Land Valley Homes Cagayan de Oro City, Misamis Oriental 500

However, the purchases of goods/articles by HI-TRI DEVELOPMENT

CORPORATION 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 by the seller

of the goods/services. Itshall be understood that HI-TRI DEVELOPMENT

CORPORATION must issue VAT-Exempt official receipts on its gross receipts from the said

socialized housing project.

This Certificate of Tax Exemption is being issued on the basis of the facts and

documents as represented and submitted. However, if upon investigation, the BIR ascertains

that the facts are different, then this Certificate shall be considered null and void.

Issued this day of DEC 2 9 207t

N ceeay

CAESAR R.DULAY Commissioner of Internal Revenue

K-1-JAC Y 038671