BIR Ruling No. 336-2021

REPUBLIC OF TFE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: NGHI'336 -2021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

the exemption from VAT shall only apply to sale of house and lot and other residential dweflings3 with selling price of not more than P3, 199,200.00. City, intended for the families affected by Typhoon Yolanda under the NHA's Yolanda P3,199,200.002 per house and lot package; provided further, that beginning January 01. 2021. the National Housing Authority (NHA)', is exempt from project-related income taxes and creditable withholding tax 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 the construction/development of 854 socialized housing units in Greendale Residences 2 located in Brgy. Suhi, Tacloban Permanent Housing Program. Moreover, the delivery of 854 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 thereof does not exceed This certifies that Edison Development and Construction, Inc., an entity engaged by

issue VAT Exempt officiat receipts on its gross receipts from the said socialized housing Inc., shall be subject to VAT, even if the said purchases are to be used for the socialized 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 Edison Development and Construction, Inc. must project. However, the purchases of goods/articles by Edison Development and Construction,

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_ SEP. 2 7 2021]

Commissioner of Internal Revenue CAESAR R. DULAY

K-1-JAC B 045772

2 As adjusted using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021 3 Sale of lot oniy, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963. 1 Per Contract Agreement dated December 19, 2014.