Performance Builders and Developers Corp.

February 5, 2018 CERTIFICATE OF TAX EXEMPTION NO. 131-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PERFORMANCE BUILDERS AND DEVELOPERS CORPORATION (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 (RA) 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 Project Name Location No. of Socialized Housing Units subject of tax exemption October 23, 2014 December 03, 2014 P____________ Knightsridge Residences Brgy. Camansihay, Tacloban 1,000 units However, the purchases of goods/articles by PERFORMANCE BUILDERS AND DEVELOPERS CORPORATION shall be subject to VAT, even if the said purchases are to be used for the socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that PERFORMANCE BUILDERS AND DEVELOPERS CORPORATION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects. It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds (RD) 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 5th day of February, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue