P.E.R.R.C. Construction & Development Corp.

January 23, 2018 CERTIFICATE OF TAX EXEMPTION NO. 034-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that P.E.R.R.C. CONSTRUCTION & DEVELOPMENT CORP. (TIN: 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 (RA) 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 Date of Contract Agreement Contract Price Project Name Location No. of Socialized Housing Units subject of tax exemption December 16, 2015 June 08, 2016 P_____________ Sta. Cruz Homes-Site 1 Brgy. Sta. Cruz, Pandan, Antique 500 units However, the purchases of goods/articles by P.E.R.R.C. CONSTRUCTION & DEVELOPMENT CORP. 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 P.E.R.R.C. CONSTRUCTION & DEVELOPMENT CORP. must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deeds of Absolute Sale executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deed of Absolute Sale Name of Landowners Original Certificate of Title (OCT) Area (Sq.m.) Area Transferred (Sq.m.) Location May 27, 2016 AAA OCT No. P-43077 47,160 20,106 Brgy. Sta. Cruz, Pandan, Antique May 27, 2016 BBB, married to CCC OCT No. P-39734 12,767 12,767 Brgy. Sta. Cruz, Pandan, Antique May 27, 2016 DDD, married to EEE OCT No. P-40006 12,734 11,498 Brgy. Sta. Cruz, Pandan, Antique which shall be used for the above-mentioned socialized housing project, is not subject to income tax/capital gains tax/expanded withholding tax, and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 7279. 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 (RD) 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 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 23rd day of January, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue