BIR Ruling No. 400-2018

REPUBLIC OF THE PHILIPPINES

Ts BUREAU OF INTERNAL REVENUE DEPART'MENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 4C0-2018 -

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that M.R. VARGAS CONSTRUCTION (TIN: an entity engaged by the National Housing Authority (NHA), is exempt from 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, on' its income received directly in connection with the construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit:

December 19. Notice of Award Date of 204 Agreement August 24. Contract Date of 2015 Contract Price (Ph p) Project Name Village Site 3 Nalumsan Peopie's Carles, Iloilo Nalumsan. Location Brgy. No. of Socialized Housing Units subject of tax exemption 320

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 M.R. VARGAS CONSTRUCTION must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. However, the purchases of goods/articles by M.R. VARGAS CONSTRUCTION shall

as giving authority to concerned Register of Deeds to effect transfer of the land titles in the 'It is, however, understood that this CTE is never intended, and shall not be construed.

this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by

concerned in order for the latter to issue the CAR

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

Issued this day of MAR 9 2018

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K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY G 014130