C.B. Garay Philwide Builders

January 9, 2019 CERTIFICATE OF TAX EXEMPTION NO. 036-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that C.B. GARAY PHILWIDE BUILDERS (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 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 (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption June 15, 2017 September 25, 2017 P ____________ Green Heights 1 Brgy. Tominjao, Daanbantayan, Cebu 750 However, the purchases of goods/articles by C.B. GARAY PHILWIDE BUILDERS 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 C.B. GARAY PHILWIDE BUILDERS must issue VAT Exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deeds of Sale/ Unilateral Sale Name of Landowner/ Seller Original Certificate of Title (TCT) No. Area (Sq. m.) Area Transferred Location Sept. 22, 2017 Spouses AAA and BBB TP-5199 17,138 17,138 Brgy. Tominjao, Daanbantayan, Cebu Sept. 22, 2017 Heirs of CCC 1 OP-60865 43,278 43,278 Brgy. Tominjao, Daanbantayan, Cebu which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279. It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds 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 9th day of January, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The Certificate of Tax Exemption does not cover exemption from estate tax, if any, due on the transfer of the land from CCC to his heirs.