BIR Ruling No. 303-2021

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: NSH- 3'03

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

to sale of house and Jot and other residential dwellings3 with selling price of not more than that the selling price thereof does not exceed P3,199,200.002 per house and lot package; P3,199,200.00. of 230 Housing Units Started) shall be exempt from value-added tax (VAT) pursuant to Section provided further, that beginning January 01, 2021, the exemption from VAT shall only apply tots and 389 socialized housing units (New Construction of 159 Housing Units and Completion of the remaining works for 460 developed lots and 389 socialized housing units (new families affected by Typhoon Yolanda under the NHA's Yolanda Permanent Housing 109 (1)(P) of the National Internal Revenue Code of 1997 (Tax Code), as amended, provided amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated construction of 159 housing units and completion of 230 housing units started) in Balangiga Town Ville I & 2 located at Brgy. Cansumangkay, Balangiga, Eastern Samar, intended for the Program. Moreover, the construction/development of the remaining works for 460 developed the National Housing Authority (NHA)1, is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, as July 17, 2016, on its income received directly in connection with the construction/development This certifies that PHINTECSTAR CONSTRUCTION, INC., an entity engaged by

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

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

Date of Deed of Absolute Sale Landowner Name of ISeller Transfer/Original Certificate of Title No. (Sq.m.) Area Transferred Total Area (Sq. m.) Location

May 29. 2020 Ma. Myrlina L Resureccion 48,235 I,82 34,604 1,82

2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021 1 Per Contract Agreement dated August 1, 2019. 3 Sale of (ot only, regardfess of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963.

Phintecstar Construction, Inc./ Balangiga Town Ville 1 & 2 Page 2 of 2 CTE No. Date issue AUiG 20 02

which shall be used for the above-mentioned socialized housing project, is not subject to amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, and to VAT pursuant to Section 109 (1)(P) of the Tax Code, as amended. capital gains tax and documentary stamp tax under Sections 19 and 20 of RA No.7279, as

Revenue District Office (RDO) concerned in order for the latter to issue the CAR the documentary requirements provided under RMO No. 15-2003, shall be presented to the intended, and shall not be construed, as giving authority to concerned Register of Deeds to effect transfer of the land titles in the name of the NHA without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with It is, however, understood that this Certificate of Tax Exemption (CTE) is never

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

Issued this day of . AUG 10 2021

Commissioner of Internal Revenue CAESAR R. DULAY

K-1-JAC 044584 9