BIR Ruling No. 273-2017

P BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 201

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

(d)(1) and (3) of Republic Act No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 This certifies that PERSAN CONSTRUCTION, INC. with Tax Identification Number , an entity engaged by the National Housing Authority (NHA), is exempt from project.

DATE OF NOTICE OF AWARD UNITS SUBJECT OF TAX EXEMPTION PROJECT NAME NUMBER OF SOCIALIZED HOUSING DATE OF CONTRACT AGREEMENT CONTRACT PRICE (Php) LOCATION March 2, 2015 Site 1-Brgy. Magdalo, Banate, Iloilo June 17,2015 Banate People's Village-Phase 1 1.000 Housing

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

parcel of land described below, to wit: Moreover, the Deed of Absolute Sale executed by the landowners in favor of the NHA over the

OF TITLE NO. TRANSFER CERTIFICATE DATE OF DEED OF SALE NAME OF LANDOWNERS/SELLERS Consolacion Juanico Angeles Juanico married to Nery Bebing Elsie Juanico married to Rustom Borja Felomino Juanico Rosie Juanico married to Ismael Solinap Alvin Cabangal Brenda Cabangal May 18,2015 Leonardo Cabangal Jr. Milvien Cabangal married to Alex Balladares Philly Cabangal Arden Luz Cabangal Leonardo Cabangal

Banate People's Village-Phase I NHA-Yolanda Permanent Housing Program Page 2 of 2 PERSAN CONSTRUCTION, INC. Date issued CTE No. 682017 273--2017

TRANSFER CERTIFICATE LOCATION AREA (SQ. M.) OF TITLE NO. AREA TRANSFERRED 67,902 sq. m. Brgy. Magdalo, Banate, Iloilo 259,663 sq. m.

tax/capital gains tax/expanded withholding tax, documentary stamp tax and value-added tax (VAT) pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109(1)(P) of the Tax Code which shall be used for the above-mentioned socialized housing project, are not subject to income of 1997.

by this Bureau. In this regard, this Certificate of Tax Exemption shall be presented to the Revenue not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land District Office (RDO) concerned in order for the latter to issue the CAR. titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued It is, however, understood that this Certificate of Tax Exemption is never intended, and shall

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 of the facts and documents as

Issued this day of UN 0 8,2017

Y

Commissioner of Internal Revenue CAESAR R.DULAY 006959

Persan Construction, Inc Banate People's Village-Phase i K-1VDPM14