BIR Ruling No. 378-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

: BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 0378 -2019

T

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certities that PERSAN CONSTRUCTION, INC. (TIN: }, an entity engaged by the Nationai 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 No. 7279, 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 of socialized housing units under the NHA's Yolanda Permanent Housing Progra:n, to wit

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location Housing Units subject of tax Sociatized No. of

June I5. 2017 October t8, 207 Peopie's Libertad Vilage Brgys. Union and Taboc, Libertad, Antique exemption 854

project, since VAT is an indirect tax which can be p assed on by the seller of the goods/services. It shal! be urderst xd that PERSAN CONSTRUCTION, INC. musi issue VAT Exenpt shall be subject to VAT, even if the said purchases are to be used for the socialized housing However, the purchases of goods/articles by PERSAN CONSTRUCTION, INC

official receipts on st gross receipts from the said sociatized housing project.

favor of the NHA o er the parcel of iand described below, to wit: Moreover, t ue Deeds of Absolute Sale Uniiateral Sate Executed by the Landowners in

Deeds of Date or Sale Landowners/Sellers. Name of Certificate of Title Original NO {Sq.m.) Area Transferred fSq.jn.} Area Location

February 18. 2019 Jose Ray mundo. Jr. Estelita Raymundo Rosita R Magat Zenaida R. Lacson 46 18.837 Brgy. Iniou. Liber'tad. Antjquc

1 Represented by Atty-in-Fact, Lenaida R.Lacson. by virue nf Specjal Power of Attoney saued Janutry 22. 20}s

Rersan Construction, Inc./ Libertad People's Village Page 2 of 2 Date issed jUl 52Ug CTE No. 0378-2019

18, 2019 February Ricardo Raymundo, Angelita Magliquiang Benjamin Raymundo Jaime Raymundo 13, 101 13,0 Brgy. Taboc. Libertad, Antique

Antonio Raymundo

which shall be used for the above-mentioned socialized housing project, is not subject to capita! gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279

It is, however, understood that this CTE is never intended, and shall not be construed. as giving authority to concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and subimitted. However, if upon investigation, the BIR ascertains that the facts are dif,crent, then this Certificate shall be considered null and void.

Issued this day of JUL 0 5 2019

K- Commissioner of internal Revenue CAESAR R. DULAY 026655