BIR Ruling No. 331-2018

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

I

Certificate of Tax Exemption No: 331-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This. certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN: an entity engaged by the National Housing Authority (NHA),. is exempt from project- related income taxes, creditable withholding tax and value added tax (VAT), pursuant to Section 20 (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:

Notice of Date of Award Agreement Contract Date of Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption

May 23, 2016 June 23 2016 San Lorenzo Heights 2 Culaba, Biliran Guindapunan, Brgy. 232

However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION 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 PHINTECSTAR CONSTRUCTION, INC. must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project.

This Certificate of Tax Exemption is being issued on the basis of the facts and 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.

Issued this day of MAR G 7 2018

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CAESAR R. DULAY Commissioner of Internal Revenue 014084

K-1-JAC