BIR Ruling No. 685-2020

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENTOFFINANCE

Quezon City

Certificate of Tax Exemption No: NSH -685-2020 DEC 2 9 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

entity engaged by the National 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 Program Amendments) dated July 17, 2016, on its income received directly in connection with the Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit: This certifies that HI-TRI DEVELOPMENT CORPORATION (TIN: ), an

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

December 23. 2015 Feb.17,2016 Feb.23,20162 8 Carigara Housing Project 1 Brgy. Sagkahan, Carigara, Leyte 680

However, the purchases of goods/articles by HI-TRI DEVELOPMENT CORPORATION shall be subject to VAT, even if the said purchases are to be used for the 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 HI-TRI DEVELOPMENT CORPORATION must issue VAT-Exempt official

receipts on its gross receipts from the said socialized housing project.

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 DEC - 2 9, 2020

1eesaMu

CAESAR R. DULAY

Commissioner of Internal Revenue

039064

K-1-JAC

1 Date Acknowledged by HI-TRI DEVELOPMENT CORPORATION

2 Date Acknowledged by NHA.