BIR Ruling No. 351-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NH-0351-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

construction/development of house and lot packages under the National Housing Authority Housing. Authority (NHA), is exempt from project-related incometaxes, creditable Amendments) dated July 17, 2016, on its income received directly in connection with the (NHA)'s Yolanda Permanent Housing Program, to wit: withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Identification Number (TIN) This certifies that HI-TRI DEVELOPMENT CORPORATION with Taxpayers a private entity engaged by the National

Notice of Dec. 04, Date of Award 2014 Agreement Contract June 16. Date of 2017 Contract Price P63,722,709.02 Project Name Olivo Heights Tabuelan, Cebu Brgy. Olivo Location 220 housing units No.of Socialized Housing Units subject of tax exemption

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 ofthegoods/services. It shall be understoodthat HI-TRi"DEVELOPMENT CORPORATION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. However,the.purchasesofgoods/articles by HI-TRI DEVELOPMENT

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

Issued this day of JUN 2 5 2020

K1-LMAT Commissioner of Internal Revenue fegamva CAESAR R.DULAY 035476