BIR Ruling No. 428-2021

REPUBLKG OF THIE PUHLIPPINES

DEIARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

PSH - -

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

price of said units does not exceed P450.000.002 per house and lot. and lot units for residential and dwelling purposes to qualified beneficiaries in Deca Homes Mulig, consisting of 304 house and lot units, located at Brgy. Mulig, Toril Dist., Davao City, a project duly registered with the Housing and Land Use Regulatorv Board (HLURB)' under Taxpayer Identification Number withholding tax (CWT) pursuant to Section 20 (d) (1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with its sale of socialized house Certificate of Registration No. This certifies that 8990 HOISING nFVELOPMENT CORPORATION, with and License to Sell No. is exempt from income tax and creditable provided that the selling

below, or house and lot and other residentiai dwellings valued at P3,199,200.00 and below, is Revenue Code (Tax Code) of 1997, as amended. Provided, however, that beginning January 01, 2021. the exemption from VAT shail only apply to sale of house and lot and other residential dwellings3 with selling price of not more than P3, 199,200.00.4 exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internai Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

being covered by RA No. 7279, shall be subject to the payment of appropriate taxes. covered by the tax exemption clause in Section 20 of RA No. 7279. Thus, the documents the same Code, whichever is higher. Likewise, lots/units classified as Economic Housing, not conveying the properties shall be subject to DST imposed under Section 196 of the National Internal Revenue Code of 1997, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of It is observed, however, that documentary stamp tax (DST) is not one of the taxes

applicable BIR rutes and regulations and the Terms and Conditions stated at the'back hereof. The Company is liable, however, for other applicable taxes not discussed above. The grant of tax exemption herein is subiect to the compliance with the provisions of

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation. the BIR ascertains This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this. day of II'

134

K Commissioner of Interna! Revenue CAESAR R. DULAY

: Per It RB License to Sell No. : Sale of lot only. regardtess of the price. shall be subject to VAT starting January 01. 2021 pursuant to RA No. 10963. As adjusted using the 2010 Consumer Price Index values pursuant to Revenue Regulations No. 8-2021 dated June It. 2021 : Now: Department of Human Setlements and ( rban Development (DHS('D) dated April 6. 2017

(Deca Hontes Mulig) 8990 HOUSING DEYELOPMENT CORPORATION CTE NO.: Date issued: PSH -

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

1. The exemption from income and creditable withholding taxes covers only income directly attributable to the revenues generated from the 304 socialized house and lot units for residential and dwelling purposes to qualified beneficiaries in Deca Homes Mulig, located at Brgy. Mulig Toril Dist., Davao City.

2. The developer shall submit the sworn stateinent of the buyer that he is eligible as a socialized housing bencficiary under Section 5 (A) of Revenue Regulations (RR) No. 11-97 to the Bureau of Internal Revenue (BIR) during the processing of the Certificate Authorizing Registration (CAR) for the transfer of the title of the socialized housing unit.

3 It is understood that the CAR shall only be issued after it is established upon proper verification this case does not really exceed P450,000.00, covering the following: by the Revenue District Officer (RDO) concerned that. considering the rules on valuation of real propcrty, the actual selling price per sale transaction of the socialized house and lot packages in

Block No. 70 11 13 14 Total 2 to 106. 108 to 13 Lot No. [ to t06 2 to 18 1 to 6s 3 to 7 No. of Lots 30 106 I 65 L 5

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