PIBS Trading and Construction

January 18, 2018 CERTIFICATE OF TAX EXEMPTION NO. 024-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PIBS TRADING AND CONSTRUCTION with Taxpayers Identification Number (TIN) 000-000-000, a single proprietorship owned by AAA, 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, on its income received directly in connection with the land development of Awang Dos Resettlement Project under the NHA's Socialized Housing Program (insofar as the 96 socialized lots generated therefrom are concerned), to wit: Date of Notice of Award Date of Contact Agreement Contract Price (Php) Project Name Location No. of Socialized Lots Subject of Tax Exemption September 05, 2014 October 16, 2014 1 __________ Awang Dos Resettlement Project Brgy. Capiton, Datu Odin Sinsuat, Maguindanao 96 However, the purchases of goods/articles by PIBS TRADING AND CONSTRUCTION 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 PIBS TRADING AND CONSTRUCTION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. 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. CAacTH Issued this 18th day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Date acknowledged by NHA.