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June 16, 2010BIR RULING [SH-(010) 043-10]RA 7279; RR 11-97; BIR Ruling S-20-077-2000; BIR Ruling 272-93National Housing AuthorityQuezon Memorial Elliptical RoadBaligang Resettlement Project Diliman, Quezon CityAttention: Mr. Albert A. PerfectoDeputy Area Management OfficerSLB-Region VGentlemen :This refers to your letter dated January 11, 2010 requesting confirmation that Verzontal Builders (VERZONTAL) is exempt from the payment of project-related income tax, capital gains tax, documentary stamp tax and value-added tax as landowner and project contractor of a socialized housing project of the National Housing Authority (NHA) known as the Baligang Resettlement Project which is intended for the families affected by Supertyphoon "Reming". Documents submitted show that VERZONTAL, with TIN 180-277-120-000, is the absolute and registered owner of a parcel of land located at Brgy. Baligang, Camalig, Albay and covered by Transfer Certificate of Title (TCT) No. T-149483. The property was developed by VERZONTAL into a socialized housing site called the Baligang Resettlement Project. The Baligang Resettlement Project has an aggregate area of 65,733 square meters and consists of 1,003 developed lots. It is intended as a permanent resettlement site...