BIR Ruling No. 33-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: 033-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that EDDMARI CONSTRUCTION AND TRADING/ AINA

otherwise known`as the "Urban Development and`Housing Act of 1992", on its income CONSTRUCTION- JOINT VENTURE, an entity engaged by the National Housing Authority (NHA), 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, 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:

Project Name Location No. of SocializedDate of Notice Housing Units/Lots Subject of Award Agreement Contract Date of Contract Price

Villa Lupa-an Housing Project Tangalan Nuevo I Brgy. Jawili. Tangalan, Aklan Brgy. Lupa- an, Laua-an. of Tax Exemption June 20,2016 June 20, 2016 July 26,2017 December 6, 2016

Villa Lupa-an Nuevo 2 Antique Brgy. Lupa- an, Laua-an. June 20, 2016 December 6. 2016

Antique

However, the purchases of goods/articles by EDDMARI CONSTRUCTION AND

TRADING/ AINA CONSTRUCTION- JOINT VENTURE shall be subject to VAT,even if the said purchases are to be used for the socialized housing projects, 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 AND TRADING/ AINA CONSTRUCTION- JOINT

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

Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the Landowners in favor of the NHA over the parcels of land described below, to wit:

Date of Name of Original Certificate of Area Area Location

Deeds of Absolute Landowner/ Seller Certificate of Title Title (OCT)/Transfer (sq. m.) Transferred (sq. m)

November 17, 2016 Sale Danilo T.Sastre (in behalf of the (TCT No. Tangalan, Aklan Brgy. Jawili.

Page 2 of 2 Eddmari Construction & Trading/Aina Construction JV CTE No. 033-2018 Date issued 123-2018

Heirs of Tarcela

November 17, 2016 T. Sastre) Nonilo Tabagon in behaf of the Tangalan,Aklan Brgy. Jawili,

November 17,2016 Rosie T.Villon Tabagon) Heirs of Virginia (in behalf of the Tangalan, Aklan Brgy. Jawili.

17, 2016 November Heirs of Facunda Tiaga) Gina T.Tefora in behalf of the Tangalan, Aklan Brgy. Jawili.

Heirs of Maria

2016 October 27, 2016 October 27 Melchor Guntan, Daroy) Fuente Sr. Filomena Dela Laua-an, Antique Laua-an, Antique Brgy. Lupa-an. Brgy. Lupa-an.

which shall be used for the above-mentioned socialized housing projects, are not subject to

eapital gains.tax and documertary stamp tax pursuant to Sections 19 and 20 of Republic. Act

(RA) No.72791

It is, however, understood that this Certificate of Tax Exemption (CTE) is never

intended, and shall not be construed, as giving anthority 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 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 of3208

ieramwa

CAESAR R.DULAY V

Commissioner of Internal Revenue 012753

K-I

The tax exemption set forth herein does not include exemption from estate tax which may be due, if any

from the transfer of the subject real properties.