BIR Ruling No. 299-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: HSH - 2 93-Z Q2t

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

house and lot package; provided further, that beginning January 01, 2021, the exemption from of not more than P3, 199,200.00. families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing added tax (VAT) pursuant to Section t09 (1)(P) of the National Internal Revenue Code of VAT shall only apply to sale of house and lot and other residential dweltings3 with selling price the National Housing Authority (NHA)', is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, as July 17, 2016, on its income received directly in connection with the construction/development Program. Moreover, the construction/development of the remaining works for 810 developed lots and 623 housing units in Quinapondan Town Ville 1, 2, & 3 shall be exempt from value- 1997, as amended, provided that the selling price thereof does not exceed P3,199,200.002 per amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated of the remaining works for 810 developed iots and 623 housing units in Quinapondan Town Ville l, 2, & 3 located at Brgy. Buenavista, Quinapondan, Eastern Samar, intended for the This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

issue VAT Exempt official receipts on its gross receipts from the said socialized housing project. 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 PHINTECSTAR CONSTRUCTION, INC. must INC., shall be subject to VAT, even if the said purchases are to be used for the socialized However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION

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

Issued this day of_AUG 1 9 2021

K-(-JAC Commissioner of Internal Revenue CAESAR R. DULAY 044575

2 As adjusted in 2011 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. I Per Contract Agreement dated August 1, 2019.