BIR Ruling No. 450-2019

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

045-02019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: W BUILDERS, INC.2 - JOINT VENTURE, a private entity engaged by the National withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) 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 Housing. Authority (NHA), is exempt from project-related' income taxes, creditable This certifies that ROBIG BUILDERS AND DEVELOPMENT CORP.1 /THREE

Notice of 23,2014 October Date of Award Agreement 24, 20154 Contract February February 12, 2015 Date of Contract Price Project Name Brgy. Salvacion Tacloban City. and Tigbao, Location Leyte No. of Socialized Housing Units subject of tax exemption 532 units

subject to VAT, even if the said purchases are to be used for the socialized housing project, be understood that ROBIG BUILDERS AND DEVELOPMENT CORP./ THREE W receipts from the said socialized housing project. DEVELOPMENT CORP./THREE W BUILDERS,INC: - JOINT VENTURE shall be since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shali BUILDERS, INC. -- JOINT VENTURE must issue VAT-exempt official receipts on its gross However, the. purchases Of goods/articles by ROBIG BUILDERS AND

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

Absolute Sale Date of the August 08, July 13 Deed of 20185 20{ 86 Villeza and Lilibeth D. Name of Landowners Spouses Romeo N. Villeza Certificate of Title (TCT) Transfer (Sq. m.) 21,419 Area Transferred (Sq. m.) 2},419 Area Tacloban City. Brgy. Tigbao, Location Leyte

4 Date acknowledged by the NHA 5 Date acknowledged by Spouses Romeo N. Villeza and Lilibeth D. Villeza 3 Date acknowieaged by Robig Builders and Development Corp. TIN Date'acknowledged by the NHA Taxpavers Identification Number (TIN):

ROBIG BUILDERS AND DEVELOPMENT CORP THREE W BUILDERS, INC. - JOINT VENTURE (Salvacion Heights) CTE Nd0 L 50 - 2 019 Date issued

which was used for the above-mentioned socialized housing project, is not subject to capital gains tax (CGT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 1279, as amended.

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

CAR

submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. This CTE is being issued on the basis of the facts and documents as represented and

Issued this day of AUG 2 0 2019

-KI-LMA Commissioner of Internal Revenue CAESAR R. DULAY 027977

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