BIR Ruling No. 266-2021

REPUBLIC OF THE PHILIPPINES

DEPARTMENT'OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No: NSH -366 -2021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development the sale of"64 Duplex type housing units under the National Housing Authority (NHA)'s trom project-related income taxes, creditable withholding tax pursuant to'Section 20 (d)(1) of Resettlement Assistance Program for Local Government Units. Program Amendments) dated July 17, 2016, on its income received directiy in connection with Thi- certifies that CSE BUILDERS with Taxpayers Identification Number (TIN) a private entity engaged by the National Housing Authority (NHA), is exempt

the exemption "from VAT shall only apply to sale of house and lot and other residential from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code of 1997. as amended, provided that the selling price thereof does not exceed P3,199,200.00 per house and lot package'; provided further, that beginning January 1, 2021 dwellings." Moreover, the sale by CSE BUILDERS of the 64 Duplex type housing units is exempt

indirect tax which can be passed on by the seller of the goods/services. It shall be understood said socialized housing project. that CSE BUILDERS must issue VAT-exempt official receipts on its gross receipts from the even if the said purchases are to be used for the socialized housing project, since VAT is an However, the purchases of goods/articles by CSE BUILDERS shall be subject to VAT.

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

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

Issued this day of JUL2.6_2021

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K1 Commissioner of Internal Revenue CAESAR R. DULAY 044192 A

2 Sale of lot only, regardless of the price, shall be subject to l'AT starting January: 1. 2021 pursuant to RA No. 10963 : As adjusted using the 2010 Consumer Price Index values per Revenue Regulations No. 8-2021