BIR Ruling No. 329-2020

REPUBLIC OFTHE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No NSH-0329-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

creditable withholding tax, pursuant to Section 20 (d) (1) of Republic Act (RA) No. 7279, as of socialized house and lot packages under the National Housing Authority (NHA)'s Yolanda Taxpayers Identification Number (TIN) National Housing Authority (NHA), is exempt from project-related income taxes and amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the construction/development Permanent Housing Program, to wit: This certifies that GOLDENVILLE REALTY AND DEVELOPMENT CORP.with a private entity engaged by the

Notice of July 16. Date of Award July 16. 2018 2018 Agreement February March 07, Contract 27, 20191 February 27, 20193 March 07 Date of 20192 Contract Price Project Name Barugo Town Barugo Town Ville Phase1 Ville Phase 2 Barugo, Leyte Barugo, Leyte Brgy. Busay, Brgy. Busay, Location No. of Socialized Housing Units subject of tax housing units housing units exemption 500 288

20194

awarded on July 16,2018,GOLDENVILLE REALTY AND DEVELOPMENT CORP. shall be subject to value-added tax (VAT) pursuant to Republic Act (RA) No. 10963, otherwise known as the "Tax Reform for Acceleration and Inclusion (TRAIN) " Law which took effect on development of the above-mentioned socialized housing projects. January 01, 2018, on its income received directly in connection with the construction/ However, considering that the above-mentioned socialized housing projects were

over the parcel of land described below, to wit: Moreover, the Deed of Absolute Sale executed by the Landowner in favor of the NHA

04,2019 March Date Name of Landowner Eleuteria Ponferrada- Schneeberger Transfer Certificate of Title (TCT) (Sq. m.) 94,764 Area Transferred (Sq. m.) 78,000 Area Barugo, Leyte Location

+ Date acknowledged by Goldenville Realty and Development Corp. Date acknowledged by the NHA. 3 Date acknowledged by Goldenville Realty and Development Corp. +Date acknowledged by the NHA.

GOLDENVILLE REALTY AND DEVELOPMENT CORP. (Barugo Town Ville Phase I and Phase 2) CTENo.NSItD32 9 -2020 Date issued_fUN h U2l

capital gains tax (CGT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of Which shall be used for the above-mentioned socialized housing projects, is not subject to RA No.7279, as amended.

intended, and shall not be construed, as giving authority to the concerned Register of Deeds (RD) to effect transfer of the land title in the name of the NHA without the necessary Certificate presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be CAR. It is, however, understood that this Certificate of Tax Exemption (CTE) is never

submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This CTE is being issued on the basis of the facts and documents as represented and

Issued this day of'JUN 1 6 2020

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$~KI-LMAT Commissioner of Internal Revenue CAESAR R.DULAY 035455

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