BIR Ruling No. 593-2020

REPUBLIC OFTHE PHILIPPINES

DEPARTMENT OFFINANCE

BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: PS-0593-2020

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Thi certifiesthat MARCONS BUILDERS(TIN: an entity

engagsed by the Social Housing Finance Corporation (SHFC), is exempt from project-related ineeside taxes, creditable withholding tax and value added tax (V AT), pursuant to Republic Act

A N. 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

building construction and site development of socialized housing units under the SHFC's High

Density Housing Program (HDHP), classified as socialized housing project per Locational

Clearance with Reference No. ssued by the Local Zoning Administration and

City Resolution No. of the City of Malabon, dated September 4, 2017, and duly

certified by the Housing and Land Use Regulatory Board (HLURB) as such in its Certification

issued on September 20, 2019, intended for the relocation and resettlement of Informal Settler

Families (ISFs) living in danger areas, 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 3, 2017 July 12; 2018 Socialized Housing Marangal Village Association, Inc. Homeowners. Three Storey Project. Rosal Street, Malabon Longos,. Brgy. City 282

However, the purchases of goods/articles by MARCONS BUILDER 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 MARCONS BUILDER 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 . OCT.1 5.2020 18e3ou1a

CAESAR R.DULAY

K-1-JAC Commissioner of Internal Revenue 037041 9