BIR Ruling No. 403-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 403-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

taxes, creditable withholding tax and vatue added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, on its income received 'directly in connection with' the construction/development of socialized housing units under the National Housing Authority (NHA)'s an entity engaged by the National Housing Authority (NHA), is exempt from project-related income Yofanda Permanent Housing Program, to wit: This certifies ti:at GRANBY TRADING AND CONSTRUCTION (TIN:

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption December 4. 2014 March 16. 2015 Balai Bantayan Phase I Brgy. Kabac, Bantayan is., Bantayan, Cebu 450

receipts on its gross receipts from the said socialized housing project. shall be subject to VAT, even if the said'purchases are to be used for the socialized housing project,. understood that GRANBY TRADING AND CONSTRUCTION must issue non-VAT official since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be However, the purchases of goods/articles by GRANBY TRADING AND CONSTRUCTION

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 documents as

Issued this. day of MAR 0 9 2018

Commissioner of Internal Revenue 1QawwV CAESAR R. DULAY 4 014198 K-1-JAC