BIR Ruling No. 333-2022

BUREAU OF INTERNAL REVENUE REPUBLICOF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No:

NSH -: 333-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN

withholding tax T pursuant to Section 20d1 of Republic Act RA No.7279,as of 506 fully dev loped lots and completed housing units in New Washington Plains. a located in the Mu icipality of New Washington. Province of Aklan. HousingAuthor ity NHA is exempt from project-related income taxes/creditable amended by RANo. 10884 (Baliinced Housing Developrnent Program Amendments dated July 17.2016.on ts income received directly in connection with the acquisition/procurement socialized housing project of the NHA under the NHA s Yo anda Permanent Housing Program. This certities that Shalom Construction, Inc., an entity engaged by the National

January 01. 2021. he exemption from VAT shall only appiy to sale of house and lot and other residential dwellir gs' valued at P3.199.200.00.2 does not exceed F3.199.200.00 per house and lot package; provided further, that beginning shall be exempt fi m value-added tax(VAT) pursuant to Section 109lP) of the National Internal Revenue(ode Tax Code of 1997.as amended,provided that the selling price thereof Moreover. the delivery of the said 506 fully developed lots and completed housing units

official receipts or it gross receipts from the said socialized housing project. subject to VAT. e en if the said purchases are to be used for the above-mentioned socialized housing project.s nc VAT is an indirect tax which can be passed on by the seller of the goods/services.Ithall be understood that Shalom Construetion,Inc.must issue VAT-exempt However. he purchases of goods/articles by Shalom Construction, Inc. shall be

Landowners and ie VHA over the parcels of land described below,to wit Furthermoe. ine Deed of Absolute Sale made and executed by and between the

June 20. Date 2022 Lando ner/s Magd luvo Grac es Nan e o Certificate of Title OCT) No/s. Original (sq. m.) Area Transferred (sq. m.) Area Location

Code of 1997. as a nended. income tax/capital gains tax/expanded withholding tax and aocumentary stamp tax pursuant to Sections 19 and 2oRA No.7279 and to VATpursuant to Section 109Pof the Tax which shall be us d for the above mentioned socialized housing project, is not subject to

intended and shall ro: be construed as giving authority to the concerned Register of Deeds to It is. howet. understood that this Certificate of Tax Exemption (CTE is never

As adjusted using the 10onsurner Price loex yalues per Revenue Regulations RRNo.8-2021 dated June 11.2021. Sale of lot only.regardss f the price.shall bsubject to VAT starting Janu ary 01,2021 pursuant to RA No.10963

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SHALOM CONSTRL CTONINC (New W'ashington Pl ns Date issued: CTE No.. VSH

complete requiren enis provided under Revenue Memorandum Order (RMO No.15-2003 Revenue District Office (RDO concerned in order for the latter to issue the Certificate effect transfer of he land titles in the name of the NHA without the necessary certificate of authority to regist r issued by this Bureau. In this regard, this CTE shall be presented to the Authorizing Regi tration (CAR. The CAR shall only be issued after submission of the

be applied or are t eing applied to a socialized housing project pursuant to RA No. 7279. submitted. Howe er. if upon investigation, the BIR ascerteins that the facts are different. then this Certificate sh: ll te considered null and void. the Register of'De eds having jurisdiction over the properties, to the effect that the same are to Upon appl caiion for exemption, a lien on the titles of the lands shall be annotated by This CTE s being issued on the basis of the facts and documents as represented and

Issued this --day of _itill 3 D 2022

K Commissioner of Internal Revenue CAESAR R.DULAY csc 052188 Q

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