Cavdeal-Cavite Ideal International Construction and Development Corporation

February 21, 2017 CERTIFICATE OF TAX EXEMPTION NO. 064-17 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that CAVDEAL-CAVITE IDEAL INTERNATIONAL 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 National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Date of Notice Date of Contract Price Project Location Number of of Award Contract (Php) Name Socialized Agreement Housing Units Subject of Tax Exemption October 24, July 1, 2015 P_____________ Basey Brgy. 1,000 units 2014 Pointe Tingib, Basey, Samar December 4, February 22, P_____________ Basey Brgy. 1,000 units 2014 2016 Pointe 1 Tingib, Basey, Samar December 23, June 20, 2016 P_____________ Basey Brgy. 778 units 2015 Pointe 2 Tingib, Basey, Samar However, the purchases of goods/articles by CAVDEAL-CAVITE IDEAL INTERNATIONAL 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 CAVDEAL-CAVITE IDEAL INTERNATIONAL CONSTRUCTION AND DEVELOPMENT CORPORATION must issue non-VAT official receipts on its gross receipts from the said socialized housing projects. CAIHTE 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 21st day of February, 2017. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue