BIR Ruling No. 686-2020

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE

HH BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No: NSH-686-20Z0

DEC_2 9 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated Authority (NHA), is exempt from project-related income taxes, creditable withholding tax, and (insofar as the 153 socialized lots generated therefrom are concerned), to wit: value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279 July 17, 2016, on its income received directly in connection with the Land Development of Ramon Magsaysay Heights Housing Project under the NHA's Socialized Housing Program Identification Number (TIN) This certifies that M.IMARI RIIILDERS AND ENTERPRISE with Taxpayers an entity engaged by the National Housing

November Notice of 03. 2016 Date of Award Agreement March 04, Contract Date of 2017 Contract Price (Php) Land Development of Ramon Magsaysay Heights Housing Project Name Project Brgy. Poblacion. Zamboanga Del Magsaysay. Location Ramon Sur Socialized Lots Subject of Tax Exemption No. of 153

ENTERPRISE 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 MJMARI BUILDERS AND ENTERPRISE must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. However, the purchases of goods/articles by MJMARI BUILDERS 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. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this. day of DEC 2.9 2020

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3-K-1-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 038871