BIR Ruling No. 427-2021

BUREAU OF INTERNAL REVENUE REPUBLCOF THE PHHLIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: PSH - 27-2121 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

01, 202l, the exemption from VAT shall only apply to sale of house and lot and other residential dwellings? with selling price of not more than P3,199,200.00.4 provided that the selling price of said units does not exceed P450,000.002 per house and lot. below, or house and lot and other residentiai dwellings valued at P3, 199,200.00 and below, is exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code (Tax Code) of 1997, as amended. Provided, however, that beginning January amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated withho!ding tax (CWT), pursuant to Section 20 (d) (1) of 'Republic Act (RA) No. 7279, as and lot units for residential and dwelling purposes to qualified beneficiaries in Deca Homes Gensan 1, consisting of 2,528 house and tot units, located at Sitio Cahilsot, Brgy. Calumpang. Gen. Santos City, a project duly registered with the Housing and Land Use Regulatory Board (HLURB) under Certificate of Registration No. July 17, 2016, on its income received directly in connection with its sale of'socialized house Taxpayer Identification Number : Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and This certifies that 8990 HOUSING DEVELOPMENT CORPORATION, with :, is exempt from income tax and creditabie and License to Sell No.

that the facts are different, then this Certificate shall be considered null and void. being covered by RA No. 7279."shall be subject to the payment of appropriate taxes. documents as represented and submitted. However, if upon investigation, the BIR ascertains applicable BIR rules and regulations and the Terms and Conditions stated at the'back hereof. The Company is liable, however, for other applicable taxes not discussed above. covered by the tax exemption clause in Section 20 of RA No. 7279. Thus, the documents conveying the properties shall be subject to DST imposed under Section 196 of the National the same Code, whichever is higher. Likewise, lots/units classified as Economic Housing, not Internal Revenue Code of 1997, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of This Certificate of Tax Exemption is being issued on the basis of the facts and The grant of tax exemption herein is subject to the compliance with the provisions of It is observed, however, that documentary stamp tax (DST) is not one:of the taxes

Issued this day of I :

CuC

K Commissioner of Internal Revenue CAESAR R. DULAY

: Sale of lot only. regardless of the price. shall be subject to VAT starting January 01. 2021 pursuant to RA No. 10963. + As adjusted using the 2010 Consumer Price Index values pursuant to Revenue Regulations No. 8-2021 dated June I 1. 2021. + Now: Department of Human Set L.omosnts and ('rban Development (DHSUD). 2 Per HI.t!RB License to Sell No. ated October 18. 2017.

8990 HOUSING DEVELOPMENT CORPORATION {Deca Homes Gensan 1)} CTE No.: Date issued: PSH- .

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND.CONDITIONS

1 The exemption from income and creditable withholding taxes covers only income directly attributable to the revenues generated from the 2,528 socialized house and lot units for residential and dwelling purposes to qualified beneficiaries in Deca Homes Gensan l, located at Sitio Cahilsot, Brgy. Calumpang, Gen. Santos City.

2. The developer shall submit the sworn statement of the buyer that he is eligible as a socialized housing beneficiary under Section 5 (A) of Revenue Regulations (RR) No. I1-97 to the Bureau of Internal Revenue (BIR) during the processing of the Certificate Authorizing Registration (CAR) for the transfer of the title of the socialized housing unit.

3 It is understood that the CAR shall only be issued after it is established upon proper verification by the Revenue District Officer (RDO) concerned that, considering the rules on valuation of real property, the actual selling price per sale transaction of the socialized house and lot packages in this case does not really exceed P450,000.00, covering the following:

Block No. 23 2 1o 21 2 2 26 1 8 1 20 Lot No. J to 53 I to 57 L to 72 I to 2 I to 24 1 to 30 I to 3 6 I to t0 I to 46 L to 2 1 to 28 I to 34 No. of Lots +6 53 57 2 2 2 28 30 3 36 + Block No. 53 6 65 5 60 62 03 54 55 516 5 58 Lot No. I to 55 I to 98 I to 51 I to 20 I to 77 [ to 79 I to 20 L to 21 I to + [ to 37 1 to 33 1 to 5 No. of Lots SI 2 5 5 5 20 4 3 33 98 20 1 1 9

50 5 52 31 3 36 37 38 39 4 +2 43 E + +8 27 28 29 32 33 35 I to18 "I to 20 L to 133 I to 10 I to 20 L to 20 I to 2 I to I5 I to 39 I to 9 I to +0 1 to +0 t (to +0 I to 25 I to I to 19 I to 37 L to 33 I to 87 1 to 83 I to 40 [ to 3 I to 20 1 to 20 2 2 10 18 20 133 3 9 11 1 83 + 40 31 40 4 20 20 1 37 33 25 12 A I 9 9 66 6 68 10 T 2 3 S Total 1 to 72 I to 72 I to 54 1 to 25 I to 2 I to 9 I to +5 I to 29 1 to 21 [ to 31 2.528 +5 5 29 2 25 31 2 2 2 4t

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