New San Jose Builders, Inc.

February 9, 2017 CERTIFICATE OF TAX EXEMPTION NO. 047-17 CERTIFICATE OF TAX EXEMPTION This certifies that NEW SAN JOSE BUILDERS, INC. , an entity engaged by the National Housing Authority (NHA) with Tax Identification Number 000-000-000-000, is exempt from capital gains tax, project-related income taxes, creditable withholding tax and 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 NHA's socialized housing project through the Community Association Initiative Approach Program, to wit: SCaITA Project Name Location No. of Socialized Housing Units subject of tax exemption Beneficiary Don Jose Homes Brgy. Banlic, Calamba City, Laguna 367 Southville 6 (Don Jose Homes) Homeowners' Association, Inc. 1 However, the purchases of goods/articles by NEW SAN JOSE BUILDERS, INC. 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 NEW SAN JOSE BUILDERS, INC. must issue non-VAT official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale entered by the Landowners and the NHA over the parcels of land described below, to wit: Date Name of Landowner Transfer Certificate of Title Area (sq.m.) Transferred (sq.m.) Location June 29, 2013 AAA T-663753 4,259 4,259 Brgy. Banlic, Calamba City, Laguna June 29, 2013 BBB T-111337 6,817.50 6,817.50 June 29, 2013 CCC T-255067 18,153 18,153 June 29, 2013 DDD, EEE, FFF and GGG T-48252 19,837 19,837 which will be used for the above mentioned socialized housing project, is not subject to income tax/capital gains tax/expanded withholding tax, documentary stamp tax and value-added tax (VAT) pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279 and Section 109 (1) (P) of the Tax Code of 1997, as amended. cHECAS 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 of authority to register 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 Certificate Authorizing Registration (CAR). The CAR shall only be issued after the submission of the requirements provided under RMO No. 15-2003. Upon application for exemption, a lien on the titles of the land shall be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to socialized housing project pursuant to RA 7279. 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 February, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. See Annex list of beneficiaries.