BIR Ruling No. 433-2022

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNALREVENUE DEPARTMENT OF FINANCE

Certificate of Tax Exemption No S-433-2022

CERTIFICATE|OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot entity engaged by the National Housing Authority (NHA), is exempt from[project-related income tax and creditable withholding tax pursuant to Section 20 (d)(1) of Republic Act (RA) Phase I located at Brgy. Tamadang, Kiamba, Sarangani Province, intended for the informal settler families (ISFs requiring relocation and resettlement under the Resettlement Assistance thereof does not exceed P3,199,200.003 per house and lot package;provided further, that and other residential dwellings4 with selling price of not more than P3,199,20000. No.7279as amended by RA No.10884 Balanced Housing Development Program Amendments dated July 17, 2016, on its income received directly in connection with the development/ construction of 802 socialized housing units in Kiamba Resettlement Project Program for Local Government Units (RAP-LGU).Moreover,the delivery of 80 socialized housing units shall be exempt from value-added tax (VAT) pursuant to Section 109(1)(P) of the National Internal Revenue Code of 1997,as amended,provided that the selling price/value This certifies that COFEJOK CONSTRUCTION& SUPPLY CORPORATION, an

from the said socialized housing project SUPPLY CORPORATION, shall be subject to VAT,even if the said purchase5 are to be used seller of the goods/services.It shall beunderstood that COFEJOK CONSTRUCTION & SUPPLY CORPORATION must issue VAT Exempt official receipts on itsgross receipts for the socialized housing project, sinceVAT is an indirect tax which can be passed on by the However, the purchases of goods/articles by COFEJOK CONSTRUCTION &

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 ofthe facts and

Issued this. day ofNOVI 112022

Cl O

Commissioner of Internal Revenue LILIA CATRIS GUILLERMO 0024 0 K-1-JAC

2 Per Certification issued by the NHAXII Regional Office, City of Koronadal, South Cotabato Hated August 16 3 As adjusted using the 2010 Consumer Price Index values per Revenue Regulation No.8-2021 dated June 11,2021 4 Sale of lot only, regardless of the pfice, shall be subject to VAT starting January 01, 2021 pursuant to RA No.10963. 2022. 1 Per Contract Agreement dated September 24, 202