BIR Ruling No. 792-2019

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 0792-2019

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

creditable withholding tax and value added tax (V AT), pursuant to Section 20 (d)(1) and (3) of Republic received directly in connection with the construction/development of socialized housing units of AFP Act No. 7279, RA 10884 (Balanced Housing Development Program Amendments) on its income Housing Homeowners Association Inc. and PNP Housing Homeowners Association Inc. under the NHA's Socialized Housing Program, to wit: entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes. This certifies that SOLANALAND DEVELOPMENT INC.1 (TIN: ), an

Memorandum of Agreement Date of Date of Contract of Agreement Contract Price (Php) Project Name

October 2, 2012 Beneficiary Name October 2, 2012 lot package of 40 sq. m. lot and 22 sq. m. floor area Location for a house and Sangyaw AFP-PNP Housing No. of Socialized Housing Units subject of tax exemption Project

AFP Housing Homeowners Association Inc. and PNP Housing Homeowners Association Inc. Tagpuro, Brgy. 108, Tacloban City, Leyte 1,000

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

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

without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard,

issue the CAR. this CTE shall be presented to the Revenue District Office (RDO) concerned in order for the latter to

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 DEC 1 3 2019

Masavy

CAESAR R.DULAY

K-1-JAC Commissioner of Internal Revent 031328

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