BIR Ruling No. 341-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

Certificate of Tax Exemption No: 107

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that NDM EQUIPMENT RENTAL & CONSTRUCTION, a single

proprietorship, owned by Nestor Domingo Mercado, an entitv engaged by the National Housing Authority (NHA) with Tax Identification Number project-related income taxes, creditable withholding tax and value added tax (VAT), pursuant , is exempt from

to Section 20 (d)(1) and (3) of Republic Act No.7279, on its income received directly in

connection with the land development under the NHA's Socialized Housing Program (insofar

as the 169 socialized lots to be generated therefrom are concerned), to wit:

Notice of May 19. Award Date of 2014 July 31,2014 July 25, 20142 Agreement Contract Date of Price (Php) Contract Kapuso Village Palo (Palo Project) Project Name Resettlement Brgy. Palo.Leyte Location San Jose. generated Socialized Lots to be No. of 119

However, the purchases of goods/articles by NDM EQUIPMENT RENTAL & CONSTRUCTION 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 NDM EQUIPMENT RENTAL & CONSTRUCTION must issue non-VAT 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 JUL122017

1eugowwe

CAESAR R.DULAY Commissioner of Internal Revenue

K-1 007693

2 Date acknowledged by NDM EQUIPMENT RENTAL & CONSTRUCTION i Date acknowledged by NHA