BIR Ruling No. 444-2021

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OFINTERNALREVENUE Quezon City Certificate ofTax Exemption No: VA 4 - 2 n 71 CERTIIPICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: Thiscertifies that BRIA^HOMES,INC.with Taxpayer identification Number(TIN) r^ei�vejd directly?in conneexcetmipotn fLr'tohm iitnsceocmoenotmaxicanadndcrleodwi-tacbolsetwhiotuhshionlgdipnrgojteacxtoBnriitas iHnocmoemse re^steredTith the R a projectduly dated DnecembKer 1fH9.,52019, for a period of 4 yeaCresrtbiefgicnantienogffRreogmisDtercateimobneNro2.019 or fthe"ddaiteoIf?r�egistration ofth�eP�p"r'd'j'e0c"tsw/sietlhltinhge,BwOhIi,chpeurvseurainstetaorlEixeerc,ubtuitvienOnrodecra(sEeGea)rNlioer2th2a6n otherwise known as the"Omnik Investments Code of1987"and Sectir2575 ^nw Revenue Regulations(RR)No.2-98,as amended. ^ ' ^ Moreover, the sale by tle Company of residential lot valued at PI,919,500.00 and below, or house and lot and other VAT-exempt under Section 109"("1iv)(mP)ofrltuhe National Internal RePv3,e1n9u9e,2C0o0d.e0(0Taanxd Cbeoldoew),oifs 1997,as amended.Provided, ho.iwever, that beginning January 01, 2021,the VAT exemption shall only apply to sale of house^ and lot and other residential dwellings^ with selling price of not more than P3,199,200.00^ registered with the BOI, if any, including those units used for comm^ erciahloupsuerpaonsdeslsotucuhniatss leasing, retail stores, offices,etc.shall be subjectto the payment ofappropriate taxes under the Tax Code of 1997, as amended. Wliic-able BIR rules anderxeegmupltaitoionnshearnedinthisesTuebrjemcstatnodthCeoncdoimtpiloinasnscteatweidthattthheepbraovcikshieonrseooff The Company is liable,however,for all otherapplicable taxes notdiscussed above This Certificate of Tax k^Ption 's being issued on the basis of the facts and documesnnttss aass rreenprree.s<?eennttepdH aannHd su jmitted. However,:icf upon �invest.i.gat..ion*, t.he BIR ascertains that the facts are different,then th is Certificate shall be considered null and void. Issued this day of DEC 0 6 2L'21 CAESAR R.DULAY Commissioner ofInternal Revenue K-1 n .17 7"0 'Formerly:Casa Regalia,Incorporated ^/ ^ As adjusted using the 2010 Consumer"Pr'ice'Index starting January 01,2021 pursuant to RA No. 10963. r values pursuant to RR.No.8-2021 dated June 11,2021