CSE Builders

December 29, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-688-2020 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that CSE BUILDERS (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 (RA) 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 September 19, 2017 December 7, 2017 P__________ San Lorenzo Residences Brgy. Buyayawon, Mercedes, Eastern Samar 139 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. Moreover, the Extrajudicial Settlement with Sale executed by the Landowners in favor of the NHA over the parcel of land described below, to wit: Date of Extrajudicial Settlement with Sale Name of Landowners/ Sellers 1 Original Certificate of Title No. Area (Sq.m.) Area Transferred (Sq.m.) Location January 15, 2018 Federico A. Acosta Ma. Anna A. Macasusi _____ 16,844 15,026.65 Brgy. Buyayawon, Mercedes, Eastern, Samar in so far as 15,026 sq.m., the area corresponding to the 139 housing units 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 RA No. 7279, as amended. 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, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. Upon application for exemption, a lien on the title of the land, shall be annotated by the Register of Deeds having jurisdiction over the property, to the effect that the same is to be applied or is being applied to a socialized housing project pursuant to RA 7279, as amended. 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 29th day of December, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. This Certificate of Tax Exemption does not include exemption from estate tax on the transfer of OCT No. P-4516 from its registered owner, Cresencia Bagaindoc-Acosta, to her heirs.