BIR Ruling No. 267-2021

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

PSH'-' 2 6 7 - 2 0 2 7

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that SOLIDROCK CONSTRUCTION & DEVELOPMENT CORP.

with Taxpayer Identification Number (TIN) : is exempt from project-reiated income taxes, creditable withholding tax, and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act (RA) No. 7279, as 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 of socialized housing units under the Quezon City Government's Socialized Housing Program (On-Site), to wit:

Notice of Apr. 03. Sept. 27, Date of Award 2017 2016 Agreement Contract Date of May 03. Oct. 25. 2017 2016 Contract Price {Php) Bistekville -- 19 Bistekville -- 19 Project Name Brgy. Matandang Brgy. Matandang Balara, Quezon Balara, Quezon Location City City Lots Subject of Tax units of three-storey Exemption / Kind Land Development 342 condominium No. of Socialized of Development walk up

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

This Certificate of Tax Exemption is being issued on the basis of the facts and documents as represented and submitted. Hewever, 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 2 6 2021

Ieeson

K-1- LMAT Commissioner of Internal Revenue CAESAR R. DULAY 04419 4k