BIR Ruling No. 387-2021

REPUBGCFTIE PHHHPPINES

DEPRTMENI OF FINNCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH - 33U

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that Tri-Ex Tower Co., Inc., an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes/creditable withholding tax (CWT) pursuant to Section 20 (d) (1)'of'Repubtic Act (RA) No. 7279, as amended by RA No.

housing project of the NHA located at Brgy. San Rafael, Bagamanoc, Catanduanes. and is consisting of 98 socialized housing units in Bagamanoc Resettlement Project, a socialized intended to benefit families affected by Typhoon "Nina" and other families living in danger areas willing to be relocated permanently. income`received directly in connection with the land development and housing construction i0884 (Balanced Housing Development Program Amendments) dated July 17; 2016, on its

house and lot package; provided further, that beginning January 01, 2021, the exemption from of not more than P3.199,200.00.2 value-added tax (V AT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code VAT' shall only apply to sale of house and lot and other residentiat dwellings' with selling price of 1997. as amended. provided that the selfing price thereof does not exceed P3, 199,200.00 per Moreover, the delivery of the said 98 socialized housing units shall be exempt from

to VAT. even if the said purchases are to be used for the above-mentioned socialized housing It shall be understood that Tri-Ex Tower Co., Inc. must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. project. since VAT is an indirect tax which can be passed on by the seller of the goods/services. However, the purchases of goods/articles by Tri-Ex Tower Co., Inc. shall be subject

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

Issued this day of Tt

K Commissioner of Internal Revenue CAESAR R. DULAY 6

: As adjusted using the 2010 Consumer Price Index salues per Revenue Regulations (RR) Vo. 8-2021 dated June 11. 2021. Sale of lot only. regardless ot the price. shall be subject to VA 1 starting January 01. 2021 pursuant to RA Vo. 10963