BIR Ruling No. 459-2021

mrnm REPUBLIC OP THE PHILIPPINES DEPARTMENT OF FINANCE 1 BUREAU OFINTERNALREVENUE Quezon City Cerrttiiflcate of Tax Exemption No: iilan- 4 5 9 - 20'2 1 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: This certifies that E.M.CUERPO,INC.(TIN: an entity engaged by the National Housing Authority (NHA), is exempt from project-related income tax, creditable withholding tax and value-added tax pursuant to Section 20 (d)(1) and (d)(3) of Republic Act(RA)No.7279,as amended by RA No. 10884(Balanced Housing Development Program Amendments)dated July 17,2016,on itsincome received directly in connection with the construction/developmentofTen(10)Five-Storey Residential Buildings consisting of480 socialized housing units under the NHA's Socialized Housing Program, intended for the Informal Settler Families(ISFs)residing along danger areas,to v^it: Date of Date of Contract Price Project Name Location No. of Notice of Contract (Php) Socialized Award Agreement Eight(8)Five-Storey j Housing Units subject of tax August December 1 Medium Rise Buildings Tala, 31,2012 13,2012 exemption with Land Development Caloocan 480 and Survey Works at ' Tala Phase II | City XV/AAT-r,even ifthe saidpuprucrhcahsaessesoafrgeootdos/baertuisceldesfobrytEh.eMso.cCiaUlEizReldjhoo,usIiNnCg.p,rsohjaelcltb,esisnucbejeVctAtTo IS an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that E.M.CUERPO,INC., must issue VAT Exempt official receipts on its gross recejpts from the said socialized housing project. This Certificate of Tax Exemption is being issued on Ihe basis of the facts and represented and submitted. However, if upon investigation, the RIR ascertains that the facts are different, then this Certificate shall be considered null and void. Issued this dayof_B|Q_|_3_21)2U, K-l-JAC CAESAR R.DULAY Commissioner ofInternal Revenue 047763 'The Original Proiect Cost of Php242,299,301.68 was revised to a final Contract Cost covered by Variation Order No.1issued bythe NHA dated Juiy 29,2013due to chaneesin amounting to Php266,494,114.66 land development works, building construction and new works.