Sanrho Builders, Inc.

December 18, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1428-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that SANRHO BUILDERS, INC. with Taxpayers Identification Number (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, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the Land Development of San Vicente Resettlement Project under the NHA's Socialized Housing Program (insofar as the 208 socialized lots generated therefrom are concerned), to wit: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Lots Subject of Tax Exemption October 14, 2013 December 13, 2013 ____________ Land Development of San Vicente Resettlement Project Brgy. San Vicente, Tabaco City, Albay 208 However, the purchases of goods/articles by SANRHO BUILDERS, INC. 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 SANRHO BUILDERS, INC. must issue VAT-exempt 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 18th day of December, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue