BIR Ruling No. 299-2018

C BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DE DTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 299-2018

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

Otherwise known as the "Urban Development and`Housing Act of 1992", on its income under the National Housing Authority. (NHA)'s Yolanda Permanent Housing Program, to wit: value added tax (VAT). pursuant to Section 20(d)(1) and (3) of Republic Act No. 7279. received directly in connection with the construction/development of socialized housing units CORPORATION (TIN: Authority (NHA), is exempt from project-related income taxes, creditable withholding tax and This. certifiesthatTRM CONSTRUCTION ANDDEVELOPMENT ), an entity engaged by the National Housing

San Jose San Jose Ville- Site 5 Ville- Site 4 Project Name Brgy.. San City, Capiz Jose. Roxas Brgy. San Jose. Roxas City. Capiz Location No.of Socialized Units/Lots Subject of Tax Exemption Housing Date of Notice of Award November 3 November 3. 2016 2016 September Agreement September Contract 19, 2017 19. 2017 Date of Contract Price

to be used for the socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that TRM CONSTRUCTION gross receipts from the said socialized housing projects. DEVELOPMENT CORPORATION shall be subject to VAT, even if the said purchases are AND DEVELOPMENT CORPORATION must issue VAT-exempt official receipts on its However, the purchases of goods/articles by TRM CONSTRUCTION AND

over the parcels of land described below. to wit: Moreover, the Deeds of Absolute Sale executed by the Landowners in favor of the NHA

2017 August 15. Deeds of Absolute Date of Sale Heirs' of Remedios Cordovero Landowner/ Name of Seller are portions of a parcel Lot Nos. Original Certificate (OCT)/Transfer Certificate of Titie (TCT) No. and of Title which Area (sq. m.) Transferred (sq. m) Area Brgy. San Jose. City of Roxas. Location Capiz

from the transfer of the subject real property. 1 The tax exemption set forth herein does not include exemption from estate tax which may be due, if any,

Page 2 of 2 TRM Construction and Development Corporation Date issued CTE No.299-2018 32-2018

capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act which shall be used for the above-mentioned socialized housing projects, are not subject to (RA) No. 7279. August 7. 2017 August 7. 2017 2017 August 7. August 7. 2017 Josefina B. Capapas Roiando A Cordovero Capote and Mae Catalina C. Capote Ramon Capote Nicolas B. Capapas parcel of land covered and by TCT No. of land covered by TCT No. T-17920 Lot Nos. are portions of a Nhich P Brgy. San Jose. City of Roxas. Brgy. San Jose. Brgy. San Jose. Brgy. San Jose. City of Roxas. City of Roxas. City of Roxas. Capiz Capiz Capiz Capiz

CAR. intended, and shall not be construed, as giving authority to the 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 It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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. This Certificate of Tax Exemption is being issued on the basis of the facts and day of MAR 0 2 2018

Au

K- Commissioner of Internal Revenue CAESAR R. DULAY 013962