BIR Ruling No. 602-2017

REPUBI IC GF THE : HILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certifieate of Tax Exemption No:

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

construction/devclopment of socialized housing units under the NHA's Yolanda Permanent Housing Program. to wit: by the National Housing Authority (NHA). is exempt from project-rclated income taxes. creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1 ) and (3) of Republic Act No. 7279. on its income received directly in connection with the This certifies that E.M. CUERPO, INC. (TIN: I, an entity engaged

November 3. Notice of Date of Award 2016 February 2. Agreement Contract Date of 2017 Contract Price (Php) Project Name Bulaquena People's Village Estancia. lioilo Bulaquena. Location Brgy. No. of Sociatized Housing Units subject of tax exemption 150

'is an indirect tax which can be passed on by the seller of the goods/services. It shalt be understood that E.M. CUERPO, INC. must issue VAT Exempt official receipts on its gross VAT. even if the said purchases are to be used for the socialized housing project. since VAT receipts from the said socialized housing project. However. the purchases of goods/articles by E.M. CUERPO, INC. shall be subject to

favor of thc NHA over the parcel of iand described below, to wit: Moreover, the Deed of Absolute Sale/ Unilateral Sale Executed by the Landowners in

Date of Deed December I. Unilateral of Sale/ Sale 20 6 Landowner/Seller Henry Cordero m/t Gladys B. Cordero Na me of Certificate of Title Transfer No. (Sq.m.) 52.132 Area Transferred 52, 1 32 Area Estancia. Hoilo Bulaqucria. Location Brgy.

gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. which shall bc uscd for the above-mentioned socialized housing project, is not subject to capital 7279

It is. however. understood that this CTE is never intended. and shall not be construed. as giving authority to concerned Register of Deeds to effect transfer of the land titles in the namc of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by

E.M. Cuerpo, Inc. CTE No. 502-2017 Page 2 of 2 Date issued _-12-14-2017

this Bureau. In this regard. this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR.

This Certificate of 'Tax Exemption is being issued on the basis of the facts and 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.

Issued this. --- day of -OEC_1 4 2017

Aawy M

Commiionero ptergag CAESAR R. DULAY

K-I-JAC