BIR Ruling No. 295-2021

REPUBLICOF THE FHILIPPINES

DEIARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

NSH -

CERTIFCATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

engaged by the National Housing Authority (NHA), is exempt from project-related income No."7279."as amended"by RA No. 10884"(Balanced Housing Development Program taxes/creditable withholding tax (CWT) pursuant to Section 20 (d) (!)'of Republic Act (RA) Amendments) dated July 17, 2016. on its income received directly in connection with the This certifies that Rotaflex Construction and Development Corporation, an entity

acquisition of 762 developed lots and completed housing units in Kapyaan Heights. a socialized housing project of the NHA under the NHA's Government Employees Housing Program including AFP/PNP/BFP/BJMP/BuCor Personnel and other government employees. Iocated at Brgy. Balabag. Digos City. Davao Dei Sur.

January 01. 2021. the exemption from VAT shall only apply to saie of house and lot and other shall be exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National residential dwellings2 valued at P3.199,200.00. Internal Revenue Code (Tax Code) of 1997. as amended, provided that the selling price thereof does not exceed P3.199.200.00' per house and iot package: provided further. that beginning Moreover, the acquisition of the said 762 devetoped lots and completed housing units

mentioned sociatized 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 Rotaflex Construction and the said socialized housing project. Corporation shall be subject to VAT, even if the said purchases are to be used for the above- Development Corporation must issue V AT-exempt official receipts on its gross receipts from However, the purchases of goods/articles by Rotaflex Construction and Development

Landowner/s and the NHA over the parcel of Iand described below, to wit: Furthermore. the Deed of Absolute Saie made and executed by and between the

Feb. 12. 22 Date Development Corporation Rotaflex Construction and Name of Landowner/s OriginalTransfer Certificate of Title No/s. (sq. m.) 136.853 Area Transferred (sq. m.) 136.853 Digos (ity. Davao Brgy. Balabag. Location Dc} Sur

tax/capital gains tax/expanded withholding tax and documentary stamp tax pursuant to Sections which will be used for the above mentioned socialized housing project. is not subject to income 19 and 20 of RA No. 7279 and to VAT pursuant to Section 109 (1} (P) of the Tax Code of 1997. as amended.

: Safe of lot only- regardless of the price. shall he subject to VAT starting January 01. 2021 pursuant to RA No. 10963. : With undated Absolute Deed of Sale executed by and between the registered landowners and Rotallex Construction and ! As adjusted using the 2010 Consumer Price Index values per Revenue Regulations (RR) No. 8-2021 dated June +1. 2021. Development Corporation. and Certificate Authorizing Registration dated Fehruary: 17. 2021.

ROTAFLEX CONS. & DEVT. CORP. (K ap' a Heig hts) CTE NO. Date issued. NSH

It is. however, understood that this Certificate of Tax Exemption (CTE) is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land title in the name of the NHA without the necessary certificate of authority to register issued by this Bureau. In this regard. this CTE shali be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the complete requirements provided under Revenue Memorandum Order (RMO) No. 1 5-2003.

Upon application for exemption, a lien on the title of the land shall be annotated by the Register of Deeds having jurisdiction over the property, to the effect that the same is to be applied or is being applied to a socialized housing project pursuant to RA No. 7279.

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

10e3cwy

K Commissioner of Internal Revenue CAESAR R. DULAY S 044582 C

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