BIR Ruling No. 399-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NSH -3 9 9 : 2 0 21

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

does not exceed P3,199,200.002 per house and lot package; provided further, that beginning residential dwellings3 with selling price of not more than P3, 199,200.00. of 72 socialized housing units in Altavas Ville Subdivision Phase I located at Brgy. Lupo, Municipality of Altavas, Aklan, intended for the families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing Program. Moreover, the delivery of 72 socialized the Natioral Internal Revenue Code of 1997, as amended, provided that the selling price thereof January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 1 7, 201 6, on its income received directly if connection with the construction/development housing units shall be exempt from value-added tax (VAT) pursuant to Section 109 (1)(P) of National Housing Authority (NHA)1, is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, as This certifies that PERSAN CONSTRUCTION, INC., an entity engaged by, the

shail be subject to VAT, even if the said purchases are to be used for the socialized housing It shall be understood that PERSAN CONSTRUCTION, INC. must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project. project, since VAT is an' indirect tax which can be passed on by the seller of the goods/services. However, the purchases of goods/articles by PERSAN CONSTRUCTION, INC.,

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

Issued this. -day of_OCT2 92021

A

K-I-JAC Commissioner of Internal Revenue CAESAR R. DULAY B 0 4 6 8 6 1

2 As adjustea using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021. 3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963. 1 The Original contract price amounting to Php Php i for additional works covered by Variation Order No. 1 issued by the NHA dated August 3, 2020. Jer Contract Agreement dated March 4, 2020 was revised to