Certificate of Tax Exemption No. 0152-2019

February 14, 2019 CERTIFICATE OF TAX EXEMPTION NO. 0152-2019 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that EDISON DEVELOPMENT & CONSTRUCTION (TIN: _______________), an entity engaged by the Local Government Unit of Carles, Iloilo, 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: ETHIDa Project Name Date of Contract Agreement Contract Price (Php) Date of Notice of Award Location No. of Socialized Housing Units subject of tax exemption Timbo-ok Village April 26, 2018 ____________ April 16, 2018 Brgy. Guinticgan, Carles, Iloilo 708 However, the contract is subject to value-added tax (VAT) pursuant to Sec. 86 (tt) and (uu) of R.A. 10963 (TRAIN Law) effective January 1, 2018, repealing the VAT exemption of project contractor under Section 20 (d) (3) of R.A. No. 7279, as amended by R.A. No. 10884. It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to concerned Register of Deeds to effect transfer of the land title 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. Issued this 14th day of February, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue