BIR Ruling No. 297-2019

BUREAU OF INTERNAL REVENUE RETUBLIGOF THE PHILIPPINES DEPARIMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 0297-2019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

NHA's Yolanda Permanent Housing Program. to wit: Housing Development Program Anfendmtnts) dated July 17, 2016, on its income received directly in connection with the construction/development of socialized housing units under the related income taxes. creditable withholding tax and value added tax (VAT). pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279. as amended by RA No. 10884 (Balanced ', an entity engaged by the National Housing Authority (NHA). is exempt froin project- This certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN:

Notice of May l9. Date of Award 2017 November 8. Agreement Contract Date of 20!7 F Contract Price (Php) Junctionville Project Name Cabibihan. Caibiran. Location Biliran Brgy Housing Units subject of tax Socialized exemption No. of 9839

issue VAT-Exempt official receipts on its gross receipts from the said socialized housing 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 project. However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION,

favor of the NHA over the parcels of land described below. to wit: Moreover, the Deeds of Absolute Sale/ Unilateral Sale Executed by the Landowners in

Date of Absolute Deeds of Salc Landowners/Sellers Name of Certificate of Transfer Title No. Area (Sq. m.) Transferred (Sq. m.) Area Location

February February 2.2018 2018 .Sps. Eufemio R. de Ia Pena and Emelita' Josep and Gemma Sps. Bonifacio B. I.. de Ia Penia R. Josep 10.015 10.100 8.780 4.689 Cabibihan. Cabibihan. Caibiran. Caibiran. Biliran Biliran Brgy Brgy

Page 2 of 2 Phintecstur Coustruction, Inc./ Junctionville Date issued MAY 2 3 2019 CtE No. 0297-2019

February February February February 2.2018 2.2018 2.2018 2.2018 Pena and Elsa G. de Anacita D. Santillan ta Pena and Emelita Sps. Eligio R. de la Sps. Eufemio R. de Rosete and Ertinda Sps. Rolanda G. Sps. Roberto J. L. de Ia Pena Santillan and D. Rosete la Pena 30.000 16 722 25.756 6.5 12 30.000 15.721 7.250 3.31 Cabibihan. Cabibihan. Cabibihan. Cabibihan. Caibiran. Caibiran. Caibiran. Caibiran. Biliran Biliran Biliran Biliran Brgy. Brgy. Brgy. Brgy.

which shall be used for the above-mentioned socialized housing project. is not subject to capital gains tax and documentary stamp tax under Sections 19 and 20 of Republic Act (RA) No. 7279.

as giving authority to concerned Register of Deeds to effect transfer of the land titles in the 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 CAR. name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by It is. however. understood that this CTE is never intended. and shall not be construed.

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 MAY 2 3 2019

Commissioner of Internal Revenue CAESAR R. DULAY

025864 K-I-JAC