BIR Ruling No. 306-2021

Qucron Eit

Certificate of Tav Exemption No:

NSH - 306-0021

CERTIFICATE OF TAX EXEMPTON

TO ALL WHOM HT MAY CONCERN:

housing units located in Brgy. Dunlog. Malay. Aklan. intended for the families affected by t yphoon emity engaged by the Municipality of Malay, Aklan'. is exempt trom project-related income tnxes wd creditable withholding tax pursuant to Section 20 (d)(1) of Republic Aet (RA} No. 7279. as 2016. on its income received directly in connection with the construction development of 280 sociatived Yolanda under the National Housing Authority's (NHA) Yolanda Permanent Housing Program. Moreover. the delivery of 280 socialized housing anits shall be exempt trom value-added tax (VAT) provided that the selling price thereot does not exceed P3.199.200.00- per house and lot package: prov ided further. that beginning January 01. 2021. the exemption fron VA'f shall only apply to sale of house and lot and other residential dwellings.' with selling price of not nore than P3.199.200.00. ameuded by RA No. 10884 {Balanced Housing Developnment Pro2ram Anendments} dated July 17 pursuamt to Section +09 (1 XP) of the National Internal Revenue Code of'1997 (Tax Code), as auuended) This certifies that Front Nine Konstruct (Builders & Reatty Development) Corporation. an

Devetopment) Corporation shall be subject to VAl. even it the said purchases are to be used (tor the goods ser. ites. It shall be understood that Front Nine Konstruct (Builders & Realty Development) Corporation must issue VAT Exempt official receipts on its gross receipts fron the said socialized housing project. soctalized housing project. sinee VAf is an indtirect tax which cau be passed on by the seller ot the However. the purchases ot goods.artictes by Front Nine Konstruct (Builders & Realty

Malay over the parcels of land described below. to w it: Moreover. the Deeds executed by the I andowuer > in tavor ot the Locat novernnent (nit ot

Yhsolute Sale Iecd++f Decds June 28. Date 29 Gilda M. Tumaca Landowoer/s Name of Seller/s of Title Nos. Certificate Original {Sg.m. 3483 Area Transferrea (S. m.) 1.494 Aren Loeation

with Nhbotute Viulicntion DccJ o1 Mc Juhe 28. 209 (. Sarceno Hetrs of Tmiliano 19773 74(6

S ate ot lot only, regardless of the price, shall be: subject to VAT starting Tanuary 01, ?021 pursuant to RA No. 1096 3 I hrs Crrif.cite ot Tax Exemption does not include exeniption frorr est ate tax on the transfer of OCT Nos. 1 Per Contralt Agrce As adjusted in 2011 using the 2010 Consumer Price Index valucs per Revenue Regulat:on No. 8-2021. ment dated March 15, 2019 from the tegistered owners to their heirs

0

I'ro Vine Koustruct (Builders & Realt Des't.) (orp. Pnae 2 of2 Date issued CH. Wo.

w ith Absolute Mjudieatinn }}ccJo Sc June 28. 2019 Heir of Wilfredo Gumboe 2+56

I with Ahsolute I wih Ahsolute Adjudication \djudication with shsolute Mjudicaon Deed o! IDeed of Deef of Salc Sae Sac December 6. Hicirs of Ertina June 28 July 14 201 9 2020 2019 I Heirs ot Gelacio I de los Reyes ! Oczon I Heirs of'Gregoria F. Cabales M. Cahila Heirs of Rosa M Flores Corazon M 3.57 2.880 3.712 1.38 3712 83

Which shall be used for the above-mentioned socialized housing project. is not subject to capital gains tax pursuant to Section 20 (d)(2} ot' RA No. 7279, as amended by RA No. 10884 (Balanced Housiug Development Program Amendments) dated July 17. 2016. and to VAT pursuant to Section 0) ({)(P) of the Tax Code. as amended. The transaction is, however. subject to documentary staup tax under Section 196 ot the Tax Code. as amended. based on the netual consideration of the property transferred Considering that one of the parties is the Government.

requirements provided under Rev enue Memorandum Order (RMO) No. 15-2003. shall be presented to Hand titles in the name of the Local Ciovernunent of Matay without the necessary Certificate Authoriving Registration (CAR) issued by this Burenu. In this regard. this CTE:. together with the documentary the Revenue District Office (RDO)) concerned in order for the latter to issue the CAR. shall not be construed. as giving suthority to concerned Register of Deeds RD) to effect transter of the It is, however. understood that this Certiticate of Tax I:xemption (C TE) is never intended. and

concerned RD having jurisdiction over the properties. to the eftfect that the sume are to be applied or aret being applied to a soctalized housing project pursuant to RA No. 7279. Upon applieation for exemption, a tien on the tittes of the land shall be annolated by the

Hiowever. it upon investigation. the BIR ascertains that the facis are different. then this Certificate shall he considered null and void. This C'TE: is being issued on the basis of the faets and documents as represented and submitted.t

Issued this. day of

I - Comnissioner of Internal Revcnuc CAESAR R. DULAY S 044850