BIR Ruling No. 352-2020

REPUBLIC OF THE PHILIPPINES

BUREAU OF NTERNAL REVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No:

Jy-0352-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

income received directly in connection with the construction/development of additional 50 socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent TRADING JOINT VENTURE, is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20(d)(1) and (3) of Republic Act No. 7279, otherwise known as the "Urban Development and Housing Act of 1992", on its Housing Program, to wit: This certifies that BILREY CONSTRUCTION/EDDMARI CONSTRUCTION &

Project Name Contract Date of Contract Price Date of Notice of Award Location Housing Units subject of Tax Socialized No. of

Exemption Len-Vil Homes August 3, 2015 P159,431,401.592 July 1,2015 Brgy. Sicaba, Cadiz City,Negros 5503

Occidental

However, the purchases of goods/articles by BILREY

CONSTRUCTION/EDDMARI CONSTRUCTION & TRADING JOINT VENTURE

shall be subject to VAT, even if the said purchases are to be used for the socialized housing

It shall be understood that BILREY CONSTRUCTION/EDDMARI CONSTRUCTION & project, since VAT is an indirect tax which can be passed on by the seller of the goods/services.

TRADING JOINT VENTURE must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project.

documents as 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

Issued this day of JUN 2 5 2020

iasawa

K-1 Commissioner of Internal Revenue CAESAR R.DULAY 035470

1 Per NHA Memorandum dated September 5,2017

August 4, 2017, and subsequently reduced to P159,431,401.59 in its Memorandum dated September 5, 2017. Originally, 500 units only. Another 50 units were added per NHA Memorandum dated September 5, 2017. The Tax Exemption Ruling for the original 500 units is embodied in BIR Ruling No. 395-15 dated December 7, 2 The contract price was increased from 144,937,637.81 to P160,011,152.14 per NHA Memorandum dated

2015.