BIR Ruling No. 434-2020

REPUBLIC OF THSE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

D

Certificate of Tax Exemption No:

NSH-0436-202E JUL 3 0 2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN: an entity engaged by the National Housing Authority (NHA), is exempt from project-related

7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act No. dated July 17. 2016. on its income received directly in connection with the

Housing Program, to wit: construction/development of socialized housing units under the NHA's Yolanda Permanent

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption

June 6. 2019 August I. 2019 * Town Ville Balangiga 1&2 Cansumangkay. Eastern Samar Balangiga, Brgy Lots and 389 Housing Construction of 159 for 460 Deveioped Housing Units and Completion of 230 Remaining Works Housing Units Units (Nev Started)

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

Date of Deed of Absolute Sale Landowner Name of ISeller Certificate of Title Transfer/Original No. (Sq.m.) Area Transferred Total Area (Sq. m.) Location

May 29. Ma. Myrlina L 48,235 34,604 Cansumangkay, Brgy.

2020 Resureccion 1,821 1,821 Balangiga ,

Eastern Samar

in so far as 34,752 sq.m., the area corresponding to the 460 developed lots and 389 housing units 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.

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Phintecstar Construction, Inc./ Balangiga Town Ville 1 & 2 Page 2 of 2 CTE No.N3 Date issuedU302020 LLE

It is. however, understood that this CTE is never intended. and shall not be construed.

as giving authority to concerned Register of Deeds 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 CAR.

Moreover.PHINTECSTAR CONSTRUCTION,INC. shall be liable for all other

applicable taxes not discussed above.

This Certificate of Tax Exemption is being issued on the basis of the facts 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.

Issued this day of JUL 3 0 2020

Aas am

CAESAR R. DULAY Commissioner of Internal Revenue

036035

K-1-JAC