RFN Construction and Development Corporation

February 9, 2017 CERTIFICATE OF TAX EXEMPTION NO. 051-17 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that RFN CONSTRUCTION AND DEVELOPMENT CORPORATION with Tax Identification Number 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 NHA's socialized housing project, to wit: aScITE Date of Date of Contract Price Project Name Location No. of Notice of Contract (Php) Socialized Award Agreement Housing Units subject of tax exemption February May 17, P____________ Airport ISF Resettlement Brgy. 498 1, 2016 2016 Project (A.I.R. Project) Kawayan, A.K.A. Aeroville Housing Tacloban Project City, Leyte However, the purchases of goods/articles by RFN CONSTRUCTION AND DEVELOPMENT CORPORATION 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 RFN CONSTRUCTION AND DEVELOPMENT CORPORATION must issue non-VAT 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. Issued this 9th day of February, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue