BIR Ruling No. 298-2018

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 298-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

withholding tax, and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Housing Authority (NHA). is exempt from proiect-related income taxes. creditable NHA's Socialized Housing, to wit: Taxpayers Identification Number (TIN) of Maayon Hills Subdivision Phase 2, Brgy. Poblacion Tabuc, Maayon, Capiz, under the Act (RA) No. 7279, on its income received directly in connection with the land development This certifies that TRM CONSTRUCTION & DEVELOPMENT CORP., with an entity engaged by the National

February Notice of Date of 1, 2016 Award Agreement Contract May 19. Date of 2016 Contract Price (Php) Phase 2 Subdivision Maayon Hills Project Name Capiz Brgy. Tabuc, Location Poblacion Maayon, No. of Socialized Tax Exemption Lots Subject of 150

DEVELOPMENT CORP must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. DEVELOPMENT CORP. shall 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 TRM CONSTRUCTION & However, the purchases of goods/articles by TRMCONSTRUCTION&

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

Issued this day of MAR 0 Z 2018

2 k-1 Commissioner of Internal Revenue CAESAR R.DULAY 013940

Based on the Land Development Plan