BIR Ruling No. 367-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 07-201

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that EDDMARI CONSTRUCTION & TRADING with Tax Identification

from project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Number , an entity engaged by the National Housing Authority (NHA), is exempt

Section 20 (d)(1) and (3) of Republic Act No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit:

DATE OF NOTICE OF AWARD DATE OF CONTRACT AGREEMENT May 10.2016 June 30,2016

PROJECT NAME LOCATION CONTRACT PRICE (Php) NUMBER OF SOCIALIZED HOUSING Sagrado Villas Brgy. Burgos,Cadiz City,Negros 1.000 Housing Units Occidental

UNITS SUBJECT OF TAX EXEMPTION

However, the purchases of goods/articles by EDDMARI CONSTRUCTION & TRADING shall be 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 be understood that EDDMARI CONSTRUCTION & TRADING must issue non-VAT official receipts on its gross receipts from the said socialized housing project.

Moreover, the Deed of Absolute Sale executed by the landowners in favor of the NHA over the parcels of land described below, to wit:

DATE OF DEED OF SALE NAME OF LANDOWNERS/SELLERS June 3,2016 Mary Ann C. Chang Ma. Corazon C. Chang TRANSFER CERTIFICATES OF TITLE NOS AREA TRANSFERRED LOCATION AREA(SQ.M.) Negros Occidental 42,550 sq. m. 42,551 sq. m. Hacienda Sagrado, Bargy. Burgos, Cadiz City. 70,315

which shall be used for the above-mentioned socialized housing projects, are not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax and value-added tax (VAT)

EDDMARI CONSTRUCTION & TRADING Sagrado Villas NHA-Yolanda Permanent Housing Program Page 2 of 2 CTE No. Date issued 892017 367--2017

which shall be used for the above-mentioned socialized housing project, is not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax and value-added tax (VAT) pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended.

It is, however, understood that this Certificate of Tax Exemption is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this Certificate of Tax Exemption 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 AUG 09 2017 Aasanw

Commissioner of Internal Revenue CAESAR R.DULAY

Eddmari Construction & Trading Sagrado Villas K-1VDPM14 W008530