CSE Builders

August 20, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-478-20 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that CSE BUILDERS (TIN: 000-000-000-000), an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d) (1) of Republic Act No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, 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: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption Sept. 19, 2017 Jan. 26, 2018 P__________ San Antonio Homes Brgy. Linao, San Isidro, Leyte 144 However, the purchases of goods/articles by CSE BUILDERS 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 CSE BUILDERS must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. HTcADC Moreover, the Deed of Sale executed by the Landowner in favor of the NHA over the parcel of land described below, to wit: Date of Deed of Sale Name of Seller Original Certificate of Title No. Area (Sq.m.) Area Transferred (Sq.m.) Location March 7, 2018 AAA 2017000110 34,917 14,778 Brgy. Linao, San Isidro, Leyte which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279. It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land titles in the name of the buyer without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE shall be presented to the Revenue District Office (RDO) 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. CAIHTE Issued this 20th day of August, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue