BIR Ruling No. 67-2020

REPUBLICOF THE PHILIPPINES

DEPARTMENT OF FINANCE

BUREAU OF INTERNALREVENUE Quezon City

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IDDIN

Certificate of Tax Exemption No: NSH-002-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the Land Development of Upper Glad II Housing Project Phase 1 under the NHA's Socialized Housing Program (insofar as the 152 socialized lots generated therefrom are concerned), to wit: Identification Number (TIN) 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 (RA) No. 7279. This certifies that SUNSTONE CONSTRUCTION & SUPPLY with Taxpayers an entity engaged by the National Housing

November Notice of 03. 2016 Date of Award Agreement March 13. Contract March 07. Date of 2017 20172 Contract Price (Php) Land Development of Upper Glad II Housing Project Project Name Phase I Midsayap, North Brgy. Upper Location Cotabato Glad II. No. of Socialized Tax Exemption Lots Subject of 1523

SUPPLY shall be subject to VAT, even if the said purchases are to be used for the socialized issue VAT-exempt official receipts on its gross receipts from the said socialized housing 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 SUNSTONE CONSTRUCTION& SUPPLY must However, the purchases of goods/articles by SUNSTONE CONSTRUCTION &

project.

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

Issued this day of JAN 1 0 2O20

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CAESAR R.DULAY

K-I-LMAT Commissioner of Internal Revenue 031774

Date acknowledged by SUNSTONE CONSTRUCTION & SUPPLY Date acknowledged by the NHA. Per Memorandum of Agreement entered into by and between the NHA and the Municipal Government of Midsayap and

the Approved Site Development Plan.