BIR Ruling No. 398-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHLIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate_of Tax Exemption No: N5H-3 98- 2g 21

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

and other residential dwellings4 with selling price of not more than P3,199,200.00. amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated the National Internal Revenue Code of 1997 (Tax Code), as amended, provided that the selling price thereof does not exceed P3, 199,200.003 per house and lot package; provided further, that beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot creditable withholding tax pursuant to Section 20 (d)(l) of Republic Act (RA) No. 7279, as of 1,000 socialized housing units in Dumanga's Peoples Village Phase III located at Brgy. housing units shall be exempt from value-added tax (VAT) pursuant to Section 109 (1)(P) of National Housing Authority (NHA)', is exempt from project-related income taxes and July 17, 2016, on its income received directly in connection with the construction/development Pulao, Dumangas, Iloilo, intended for the families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing Program. Moreover, the delivery of 9902 socialized This certifies that PERSAN CONSTRUCTION, INC., an entity engaged by the

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

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

December 27, 2019 Date Landowner/Seller Ferdinand D. Dominado Name of Certificate of Title No. Transfer (Sq.m.) 19,163 Area Transferred (Sq. m.) 13,913 Area Location

to 546 units per Variation Order No. 1 dated August 14, 2019 and was finaily increased by 444 units per Variation Order No. 2 dated August 11, 2020 for a total of 990 socialized housing units. 3 As adjusted using the 2010 Consumer Price index values per Revenue Regulation No. 8-2021. 4 Sale of lot only, regardless of the price, shalf be subject to VAT starting January 01, 2021 pursuant to RA No. 10963. 5 Special Power of Attorney dated November 11, 2019, was granted to Marc Runsted G. Ang, to execute the Deed of Absolute Sale on behalf of the registered awner, Ferdinand D. Dominado, for the sale of the property identified and described in TCT 1 The Original contract price amounting to Php 14, 2019 issued by the NHA. The Contract Cost was finally adjusted to Php Variation Order No. 2 dated August 11, 2020. 2 The original number of 1,000 sociatized housing units per Contract Agreement dated August 29, 2017 was reduced NO. to Php due to change in site location and deletion of works rovered by Variation Order No. 1 dated August per Contract Agreement dated August 29, 2017 was revised .or additional works covered by

Persan Construction, Inc. /Dumangas Peoples Village Page 2 of 2 Phase Ill Date issued OCT 2 5 2021 CTE No. N5- 3 98-2023

January 7, 2020 Ferdinand D. Dominado 19, 163 3,671

November 20, 2020 Ferdinand D. Dominadot 29,275 29,275 Y

March 10. 2021 Heirs of Sofonias Docdoci18 24,679 24,679

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 RA No. 7279, and VAT pursuant to Section i09 (1)(P) of the Tax Code, as amended.

Revenue District Office (RDO) concerned in order for the latter to issue the CAR. effect transfer of the land titles in the name of the NHA without the necessary Certificate intended, and shall not be construed, as givinig authority to concerned Register of Deeds to Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under RMO No. 15-2003, shall be presented to the 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 -. OCT 2 5 2021

Commissioner of Internal Revenue CAESAR R. DULAY

K-1-JAC W 046614 G

registered owner, Sofonias Docdocil, to her heirs. Sale on behalf of the registered owner, Ferdinand D: Dominado, for the sale of the property identified and described in TCT on behalf of the heirs of Sofonias Docdocil, for the sale of the property identified and described in TCT No. This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of TCT No. 6 Special Power of Attorney dated November 11, 2019, was granted to Marc Runsted G. Ang, to execute the Deed of Absolute No Special Power of Attorney dated March 2, 2021, was granted to Angela D. Docdocil, to execute the Deed of Absolute Saie from its