BIR Ruling No. 357-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF FHE PHILIPPINES DEPARTMEN T OF FINANCE Quezon City ai

Certificate of Tax Exemption No: 357-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and (3) of Republic Act (RA) No. 7279,"otherwise known as the "Urban Development and Housing Program through the Community Initiative Approach Program (CIAP), to wit: taxes, creditable withholding.tax, and valye added tax (VAT), pursuant to Section 20 (d) (1) Housing Act of 1992," on its income received directly in connection ' with.the engaged by the National Housing Authority (NHA), is exempt from project-related income construction/development of socialized lots and housing units under the NHA's AFP/PNP This certifies that KIT PROPERTIES, INC. (TIN: I, an entity

Iririmaw Village Project Name Brgy. Bagumbayan. Sta. Barbara, Iloilo Location Housing Units Subject of Tax Exemption No: of Socialized Association, Inc. and PNP Housing Homeowners Association, Inc. AFP Housing Homeowners Beneficiaries

be understood that KIT PROPERTIES, INC. must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. 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 However, the purchases of goods/articies by KIT PROPERTIES, INC. shall be

be applied or are being applied to a socialized housing project pursuant to RA 7279. the Register of'Deeds having jurisdiction over the properties, to the effect that the same are to Upon application for exemption, a lien on the tities of the lands shall be annotated by

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 MAR 08 Z00

LK-I-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 014151

: Developed and constructed on the parcels of land covered by TCT Nos. and