BIR Ruling No. 442-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

NSH - 2-2121

CERTFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

engaged by the National Housing Authority (NHA), is exempt from project-related income No."7279,"as amended"by RA No.' l0884 (Balanced Housing Development Program taxes/creditable withholding tax (CWT) pursuant to Section 20 (d) (1)'of Republic Act (RA) Catanduanes, and is intended to benefit families affected by Typhoon "Nina" and other families Amendments) dated July 17, 2016, on its income received directly in connection with the repair and rehabilitation of Virac Resettlement Project, a socialized housing project of'the living in danger areas willing to be reiocated permanently government consisting of 340 socialized housing units located at Brgy. Santo Domingo, Virac, This certifies that Performance Builders & Developers Corporation, an entity

of 1997, as amended, provided that the selling price thereof does not exceed P3,199,200.00 per value-added tax (VAT) pursuant to Section 109 (l) (P) of the National Internal Revenue Code house and lot package; provided further, that beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other residential dwellings' with selling price of not more than P3,199,200.00.2 Moreover, the delivery of the said 340 socialized housing units shall be exempt from

the said socialized housing project. Imentioned socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that Performanice Builders & Corporation shall be subject to VAT, even if the said purchases are to be used for the above- Developers Corporation must issue VAT-exempt official receipts on its gross receipts from However, the purchases of goods/articles by Performance Builders & Developers

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

Issued this day of ct 821

O CA

K Commissioner of Internal Revenue CAESAR R. DULAY $+

: As adjusted using the 2010 Consuiner Price Index vatues per Revenue Regulations (RR) No. 8-2021 dated June H1. 2021. + Sale of lot only, regardless of the price. shall he subject to VA I -tarting January 01, 2021 pursuant to RA No. 10963.