Rules and Regulations Implementing Republic Act No. 11572

June 8, 2017 CERTIFICATE OF TAX EXEMPTION NO. 273-17 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PERSAN CONSTRUCTION, INC. with Tax Identification Number 000-000-000-000, 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 No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: DATE OF NOTICE OF AWARD March 2, 2015 DATE OF CONTRACT AGREEMENT June 17, 2015 CONTRACT PRICE (Php) P___________ PROJECT NAME Banate People's Village-Phase 1 LOCATION Site 1-Brgy. Magdalo, Banate, Iloilo NUMBER OF SOCIALIZED HOUSING UNITS SUBJECT OF TAX EXEMPTION 1,000 Housing However, the purchases of goods/articles by PERSAN CONSTRUCTION, INC. 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 PERSAN CONSTRUCTION, INC. must issue non-VAT official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale executed by the landowners in favor of the NHA over the parcel of land described below, to wit: DATE OF DEED OF SALE May 18, 2015 NAME OF LANDOWNERS/SELLERS AAA BBB CCC married to DDD EEE FFF GGG HHH III JJJ married to KKK LLL married to MMM NNN married to OOO PPP TRANSFER CERTIFICATE OF TITLE NO. OCT No. O-8966 AREA (SQ.M.) 259,663 sq.m. AREA TRANSFERRED 67,902 sq.m. LOCATION Brgy. Magdalo, Banate, Iloilo which shall be used for the above-mentioned socialized housing project, are not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax and value-added tax (VAT) pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of 1997. It is, however, understood that this Certificate of Tax Exemption 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 Certificate of Tax Exemption 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. aDSIHc Issued this 8th day of June, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue