BIR Ruling No. 469-2017

SEPUBIICOF THE PJHHLIPPINES

PUR: }PYTNFNTO}F{NANCE :HE INTERNAIRFVENU

srtitice: : Tax Exemption No

CERTIFHATFOFTAX EXHMPTI

TO ALL WHOM IT MAY CONCERN:

otherwise known as the -tirban Development and Housing Aet of 1992. (NHA 1. is exempt from project-related income taxes. creditable withholding tax. and vatue added tax (VA1) pursuant to Section 20 (d) (1) ard (3) ot Repub(ic Act 7RA) No. 7279) received directly in connection with the construetion devekopment of socialized lots and housing units under the NHA's Sociatized Housing Program through the Community Initiative COMPANY (TIN: Approach Program (CiAP). to wit: This certifies that JC. LYECIO CONSTRUCTION AND DFVELOPVFNT t. an enity engaged hy the National Housing Authority on is incone

Visw Subsfis ision.._Balete. Butangas Jowi H Craters Project Name Brgs.Makina Location No. of Socialized Housing Units Subject of Tax Exemption 32 Jowis il Craters Yiew Subdivision Homeow ners Association. Inc.. Beneficiaries

by the seller of the goods'services. receipts on its gross reccipis from the said socialized housing project. DEVFLOPMENT COMPANY shall be subject to VAT. even if the said purchases are to be CONSTRUCTION AND DEVELOPMENT COMPANY must issue VAT-exempt official used tor the socialized housing project. since 'VAT is an indirect tax which ean be passed on However. the purchases of goodstarticles bv JC. UYECIO CONSTRUCTION AND It shal! be understoodthatJ.c. LYECIO

pareeis of land described below, to wit: Moreover. the Decds of Absolute Sate entered by the Iandowner and the NHA over the

June 2 June 2 Date 26 20{6 Bulete.i3alangis Batetc. Barangns Aunicipulty ot Vunicipality o Landowner Name of Certificata of Iransfer Titlc (sq. m. 53 Area It Transferred {sq. m. 2437 K Location Batangas Baete.

which will be used for the above mentioncd socialized housing project. is not subject to ineome tax-capital gains tax/expanded withhotding tax, documentary stamp tax and VAT pursuant to Sections 19 and 20 of RA No. 7279 and Section 109 (1) (P) of the Nationa} tnternal Revenue Code of 1997. as amended.

shall not be construed as giving authority to the concerned Register of Deeds to effect transter of the Jand titles in the name of the buyer without the necessary certiticate of authoriuy to It is. however. understood that this Certificate of Tax Exemption is never intended and

: Plexse sce Annex "A" ror the list ot benefictaries consisting ot' 9 puges. Fo he develoned and construeted on the parects ot land covered hy I f Nos. aggregate area ot' 25.832 su. m. pursuant to the Mentorandun of tinderstanding executed by and between the iand theMunicipal ernment Balete Batangas. date June 30.201s an w ith (

HUYECHOONSIRETIOND DELOPNENICONPINS CTL W De isst.ri

pro ided tue: Hwiste aued bs this ts. Keistra arie e tRIx coeme {h(AR sny W .-..2005 I I.I ... this. ft. ... he tater to tw t. . en ...i dtier ta stnieston o ene. ta Kxelt whoriving Trmmenis

be applicd or ar t ing appied (o a socializee hoing projeu pur an io RA 77o the Regtst r . Deeds having jurisdietion e.. tr propenies. to the ctleet te g:.- arme are to m.'ppeaon toy exe tm in on the ttles ot t buds shat - :nnotated h

this Certilicate shall be considered ntl and void. submited. However. it upon investigation. the BtR ascertains that the facts are different. then Ihis c'Tr. is being issted on the basis of the faets ane. tkxuments as represented and

Issucd this. day of _.....-.-_.. :

cm

2A-LM.S Commisstorer of Internal Revenue CAESAR R. DULAY 009442