BIR Ruling No. 385-2022

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUF

Certificate of Tax Exemption No:

BOI - LEH - 385-2022

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

four (4) years beginning from September 2021 or actual start of commercial operations/ Investments Code of 1987" and Section 2.57.5 (B) (2) of Revenue Regulations (RR) No. 2-98, housing project, Kaia Homes Naic Phase 1, consisting of 723 house and lot units located at se!ling. whichever is earlier, but in no case earlier than the date of registration of the project as amended. withholding tax on its income received directly in connection with its economic and low-cost Brgys. Palangue 2 and 3, Naic, Cavite, a project dulv registered with the Board of Investments (BOI) under Certificate of Registration No. with the BOI, pursuant to Executive Order (EO) No. 226, otherwise known as the "Omnibus This certifies that KAIA HOMES, INC. is exempt from income tax and creditable Tated August 13, 2021, for a period of

residential dwellingsl with selling price of not more than P3,199,200.00.2 exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is Revenue Code (Tax Code) of 1997, as amended. Provided, however, that beginning January Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

leasing, retail stores, offices, etc., shall be subject to the applicable taxes under the Tax Code registered with the BOI, if any, including those units used for commercial purposes such as However, the sale of house and lot units in excess of the 723 house and lot units

of 1997, as amended.

applicable BIR rules and regulations and the Terms and Conditions stated at the'back hereof. The Company is liable, however, fer all other applicable taxes not discussed above. The grant of tax exemption herein is subject to the compliance with the provisions of

is being issued on the basis of the facts and documents as represented and submitted. However be considered null and void. if upon investigation, the BIR ascertains that the facts are different, then this Certificate shatl This Certificate of Tax Exemption (CTE) supersedes CTE No. BOI-LEH-629-2020 and

Issued this day of SFP n R .2022

Ml. C.Gnl

K - /2(F Commissioner of Internal Revenue LILIA CATRIS GUILLERMO 001275

2 As adjusted using the 2010 Consumer Price index values per RR No. 8-2021 dated June 11. 2021. 1 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963.