June 25, 2020
CERTIFICATE OF TAX EXEMPTION NO. NSH-351-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that HI-TRI DEVELOPMENT CORPORATION with Taxpayers Identification Number (TIN) 000-000-000-000, a private 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 house and lot packages under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit:
Date of Notice of Award | Date of Contract Agreement | Contract Price | Project Name | Location | No. of Socialized Housing Units subject of tax exemption |
Dec. 04, 2014 | June 16, 2017 | P___________ | Olivo Heights | Brgy. Olivo, Tabuelan, Cebu | 220 housing units |
However, the purchases of goods/articles by HI-TRI DEVELOPMENT CORPORATION 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...
