Goldenville Realty and Development Corporation

February 9, 2017 CERTIFICATE OF TAX EXEMPTION NO. 053-17 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that GOLDENVILLE REALTY 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 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 December 23, 2015 March 28, 2016 P______________ Jamindan Ville Housing Project Brgy. Pangabuan, Jamindan, Capiz 535 However, the purchases of goods/articles by GOLDENVILLE REALTY 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 GOLDENVILLE REALTY 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. CAIHTE Issued this 9th day of February, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue