BIR Ruling No. 353-2018

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

Certificate of Tax Exemption No: 353-2018

CERTIFICATE OF TAX EXEMPTION E

TO ALL WHOM IT MAY CONCERN:

connection with the construction/deveiopment of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: related income taxes, creditable withholding tax, and vafue added tax (VAT), pursuant to Section 20 (d)(!) and (3) of Republic Act (RA) No. 7279, on its income received directly in an entity engaged by the National Housing Authority (NHA), is exempt from project- This certifies that GRANBY TRADING & CONSTRUCTION (TIN:

Notice of June 20. Date of Award 2016 Agreement September Contract 21. 2016 Date of Contract Price (Php) Residences - Site 3 Project Name Granville Brgy. Bagacay. San Dionisio. Location Hoilo No. of Socialized Housing Units subject of tax exemption

CONSTRUCTION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. Said 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 GRANBY CONSTRUCTION shall be subject to VAT, even if the said purchases are to be used for the However. the purchases : ofgoods/articlesby GRANBY TRADING TRADING & & Y

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

June 28. July,04 2016 2016 Date namely: (1) Eusebio Eugenio K. Heirs of Carlos D. Lopez, Jr.3 Lopez. (2) Peter Paul K. Lopez and (3) Ma. Cheryl K. Lopez Name of Landowners Certificate of Title (TCT) Transfer TCT No. (Sq. m.) Area Transferred (Sq. m.) Area Brgy. Bagacay. San Dionisio. Location Hoto

+ Lot 3-B-3, of the subdivision plan, being a portion of Lot 3-B 3 Legal Heirs of Carlos D. Lopez, Jr. and Viola K. Lopez (a.k.a Violeta K. Lopez) by virtue of the submitted 2 Date acknowledged by the NHA I Date acknowledged by the Vendors Of 2016, of Atty. Modesto Martin Y. Mamon, Notary Public). Extra Judicial Settlement of Estate dated June 26, 2016 (under Doc. No. 306, Page No. 63, Book No. XL, Series

(Granville Residences - Site '3) GRANBY TRADING & CONSTRUCTION CTE No. 353-2018 Date issued3-8-208

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 gains tax and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 72795 CAR which shall be used for the above-mentioned socialized housing project, is not subject to capital It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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 :- MAR 0 8 2018

c

T KI-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 0 14119

The lax exemption does not cover estate tax due, if any, on the transfer of the property from the deceased Handowners (Carlos D. Lopez. Jr. and Viola K. Lopez a.k.a Violeta K. Lopez) to their respective heirs.

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