BIR Ruling No. 601-2017

REPUBJIC (: THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificat- of Tax Exemption No: 601-:0:7

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that E.M. CUERPO, INC. (TIN: ), an entity engaged

(NHA)'s Yolanda Permanent Housing Program, to wit: 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 thel construction/development of socialized housing units under the National Housing Authority

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

November 3. 2016 February 2, 201 Abong People's Village-Phase 3 Brgy. Abong. Carles, Iloilo 500

VAT, even if the said purchases are to be used for the socialized housing project, since VAI However. the purchases of goods/articles by E.M. CUERPO, INC. shall he subject to

is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that E.M. CUERPO, INC. must issue VAT Exempt official receipts on its gross receipis from the said socialized housing project.

favor of the NHA over the parcels of land described below, to wit: Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the I.andowners in

Unilateral Sate Deeds of Sale/ Date of Landowner/ Name of Setler Certificate of Title (TCT) No. Transfer (Sq. m.) Area Transferred Area Location

December 1. 2016 December 1, 2016 Oscarito Diaz Dumayas. Jr. Rodolfo 29,805 67 9 29,805 6799 Brgy. Abong. Cartes, Hloilo Brgy. Abong. Cartes, Hloilo

which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279

It is. however, understood that this C'TE is never intended, and shall not be construed.

name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the

E.M. Cuerpo, Inc. Page 2 of 2 Date issued 12-14-217 CtE No. 601-2017

this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) concerned in order for thc latter to issue the CAR

documents as represented and submitted. However, if upon investigation, the BiR ascertains This Certificate of Tax Exemption is being issued on the basis of the facts and

that the facts are different, then this Certificate shall be considered null and void.

Issued this day of DEC 1 4 2017

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K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY W: : 011747