BIR Ruling No. 555-2017

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPART'MENT OF FINANCE

. Quezon City

Certificate of Tax Exemption No: D

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

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, otherwise known as the "Urban the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Development and Housing Act of 1992", on its income received directly in connection with This certifies that LAK-K BUILDERS CO. (TIN: ), is exempt from

Paradise Ville Paradise Ville Bugasong Bugasong N 3 Project Name March 7. 2017 March ?. 2017 Contract Date of Contract Price 206 "Novenmher 3. Date of Notice 2016 November 3. of Award Antique Brgy. Igbalangao. Bugasong. Bugasong. Frgy. Igbalangao. Antigue Location No. of Socialized Housing Units Subject of Tax Exemption 340 22

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

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

March 6, 2017 March 6. March 6. 20t7 2017 2017 March 6. Absolute Date of Deed of Sale Linda Pacete Mary Ann Pacete Abraham Pacete Charlie Pacete Landowner/ Name of Seller Original/Transfer Certificate of Title (OCT/TCT) No. Area (s. } 4, 560 27 3,036 2.915 Transferred (sq. m) 2.14 2.915 3.036 4.560 Area Bugasong, Antique Bugasong...Antique Bugasong, Antique Bugasong, Antique Brgy. Igbalangao. Brgy. Igbalangao, Brgy. Igbalangao. Brgy. igbalangao. Location

-20 17

LAK-K BUILDERS CO. Page 2 cf 2

March 6. 207 March 6. March 6. March 6. 2017 2017 March 6. 201 2017 Jacqueline Pacete Jamlito Pacete. SS. Jamlito Pacete. Jr. Felixberta Jacaba Witliam Paccte 10.87 2.505 3 347 5.485 5.I 16 3,347 2.505 5.L16 10.817 5.485 Bugasong, Antique Bugasong, Antique Bugasong. Antique Bugasong, Antique Bugasong., Antique Brgy. Igbalangao. Brgy. Igbalangao. Brgy. Igbalangao. Brgy. Igbalangao. Brgy. Igbaiangao.

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

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

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

Issued this ...day of.DEC 0 6 2017

O

Commissioner of Internal Revenuc CAESAR R. DULAY

K -1 011462