BIR Ruling No. 29-2018

REPUBLIC OF THE.PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No 029-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that EDDMARI CONSTRUCTION AND TRADING (TIN:

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, on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: , an entity engaged by the National Housing Authority (NHA), is exempt from project-

Notice of June 20 Date of Award 2016 Agreement March 01, Contract Date of 2017 Contract Price Cool Mont Crest 2 Project Name Brgy.Villacaneja Naval, Biliran Location No. of Socialized Housing Units subject of tax exemption

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

over the parcel of land described below, to wit: Moreover, the Deed of Absolute Sale executed by the Landowners in favor of the NHA

Date Name of Landowners Certificate of Title (TCT) Transfer (Sq. m.) Area Transferred (Sq. m.) Area Location

Nestor V. Arche, married to Helen E.

February 28, 2017 to Candida Rotilles Cabulang; Edgar B. Matugas, married to Gilberta Rosete Caotivo, married to Helsie Paanod Caotivo; Elpedio C. Cabalquinto, married . to Matugas; Carlito F. Cabulang, married Cabalquinto; Bonifacio N. Caotivo, Arche; Nelson E. Mondido; Ansolito P. married to Anacorita Melecia Borrinaga Nazareno Villacaneja, Naval, Biliran Brgy.

to Josephine Cabulang Rosete Caotivo;and Eunilo R.Rosete,married

(Cool Mont Crest 2) EDDMARI CONSTRUCTION AND TRADING CTE No.029-2018 Date issued_1-18-2018

which shall be used for the above-mentioned socialized housing project, is not subject to

income tax/capital gains tax/expanded withholding tax, and documentary stamp tax (DST)

pursuant to Sections 19 and 20 of RA No. 7279.

It is, however, understood that this Certificate of Tax Exemption (CTE) is never

intended. and shall not be construed, as giving authority to the concerned Register of Deeds

(RD) 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 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 JAN 1 8 2018

ea

CAESAR R.DULAY

KI-LMAT Commissioner of Internal Revenue 012646

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