BIR Ruling No. 305-2021

REPUBLICOF THE PHILITPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH -

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

completed housing_units in Gentle Breeze Subdivision, a socialized housing project of the Authority (NHA), is exempt from project-related income taxes/creditable withholding tax 10884 (Balanced Housing Development Program Amendments) dated July 17. 2016. on its NHA under the NHA's Government Employees Housing Program including AFP/PNP/BFP/ Zamboanga Sibugay. (CWT) pursuant to Section 20 (d) (1)'of'Republic Act (RA) No. 7279. as amended by RA No. income received directly in connection with the acquisition of l.120 developed lots and BJMP/BuCor Personnel and other government employees. located at Brgy. Upper Pangi. Ipil. This certifies that Aina Construction, an entity engaged by the National Housing

residential dwellings' with selling price of not more than P3.199.200.00.- does not exceed P3,199,200.00 per house and lot package; provided further. that beginning January 01. 2021, the exemption from VAT shall only apply to sale of house and lot and other shall be exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internat Revenue Code (Tax Code) of 1997, as amended. provided that the seliing price thereof Moreover, the acquisition of the said 1, 120 developed lots and completed housing units

project. since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that Aina Construction must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. VAT. even if the said purchases are to be used for the above-mentioned socialized housing However. the purchases of goods/articles by Aina Construction shall be subject to

NHA over the parcel of land described below. to wit: Furthermore, the Deed of Absolute Sale executed by the Landowner/s in favor of the

Date Landowner/s Name of Certificate of Title No/s. Transfer (sg. m.) Area Transferred (sq. m.) Location

Aug. 05. 2021 Araceli C. Javier Romeo C. Javier Denise C. Javier Eric C. Javier 120.780 921 15

tax/capitat gains tax/expanded withholding tax and documentary stamp tax pursuant to Sections which will be used for the above mentioned socialized housing project, is not subject to income 19 and 20 of RA No. 7279 and to VAT pursuant to Section 109 (1) (P) of the Tax Code of 1997. as amended.

I Sale of lot only. regardless of the price. shall be subject to VA 1 starting Junuary 01. 2021 pursuant to R % No. 10963. : As adjusted using the 2010 Consumer Price Index values per Revenue Regutations (RR) No. 8-2021 dated June 1 1. 2021

(Gentle Breeze Suhdivision) ANA CONSTRLCTION CTE NO. Date issued: NSH

complete requirements provided under Revenue Memorandum Order (RMO) No. 15-2003 authority to register issued by this Bureau. In this regard, this CTE shall be presented to the intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the NHA without the necessary certificate of Revenue District Office (RDO) concerned in order for the iatter to issue the Certificate Authorizing Registration (CAR). The CAR shall oniy be issued after submission of the It is, however, understood that this Certificate of Tax Exemption (CTE) is never

applied or is being applied to a socialized housing project pursuant to RA No. 7279. Register of Deeds having jurisdiction over the property, to the effect that the same is to he Upon application for exemption, a lien on the title of the land shall be annotated by the

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

Issued this day of WG

K- Commissioner of Internal Revenue CAESAR R. DULAY

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