Masulot Construction

February 13, 2018 CERTIFICATE OF TAX EXEMPTION NO. 137-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that MASULOT CONSTRUCTION (TIN: 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, otherwise known as the "Urban Development and Housing Act of 1992," on its income received directly in connection with the construction/development of socialized housing units/lots under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Project Name Location No. of Socialized Housing Units/ Lots Subject of Tax Exemption Date of Notice of Award Date of Contract Agreement Contract Price Matlang Heights Subdivision Site 1/Yolanda Permanent Housing Program Brgy. Matlang, Isabel, Leyte 324 June 20, 2016 June 28, 2017 P___________ Matlang Heights Subdivision Site 2/Yolanda Permanent Housing Program Brgy. Matlang, Isabel, Leyte 338 June 6, 2016 June 28, 2017 P___________ However, the purchases of goods/articles by MASULOT CONSTRUCTION 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 MASULOT CONSTRUCTION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects. Moreover, the Deeds of Absolute Sale/Unilateral Sale executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deeds of Absolute Sale Name of Landowner/ Seller Original Certificate of Title (OCT)/ Transfer Certificate of Title (TCT) No. Area (sq.m.) Area Transferred (sq.m.) Location June 27, 2017 AAA OCT # P-78932 4,709 4,709 Brgy. Matlang, Isabel, Leyte June 27, 2017 Heirs of BBB represented by AAA OCT # P-78721 9,565 9,565 Brgy. Matlang, Isabel, Leyte June 27, 2017 Heirs of CCC represented by DDD OCT # P-85191 19,220 19,220 Brgy. Matlang, Isabel, Leyte June 27, 2017 EEE OCT # 2015000139 10,647 10,647 Brgy. Matlang, Isabel, Leyte June 27, 2017 Heirs of FFF represented by GGG OCT # P-85263 14,712 14,712 Brgy. Matlang, Isabel, Leyte which shall be used for the above-mentioned socialized housing projects, are 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. 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 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 13th day of February, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue