Certificate of Tax Exemption No. 1444-18

December 20, 2018 CERTIFICATE OF TAX EXEMPTION NO. 1444-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that the Deeds of Absolute Sale (DOAS) executed by and between the Landowners and the National Housing Authority (NHA) over the parcels of land described below to wit: Date Name of Landowner Transfer Certificate of Title (TCT) No. Area (Sq. m.) Area Transferred (Sq. m.) Location Aug. 09, 2018 AAA P-2324 48,745 41,071 Barrio of Kodia, Municipality of Madridejos, Province of Cebu, Island of Bantayan Aug. 09, 2018 BBB P-2323 21,472 19,350 which shall be used for the socialized housing project of the NHA known as St. Francis Park Homes 2 under its Yolanda Permanent Housing Program, consisting of 750 housing units, located at Brgy. Kodia, Madridejos Site 2, Bantayan Island, Cebu, are not subject to capital gains tax (CGT)/creditable withholding tax (CWT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016. Moreover, BSP & Company, Inc. , (TIN: 000-000-000-000), the entity engaged 1 by the NHA for the procurement of fully developed lots and completed housing units at St. Francis Park Homes 2 consisting of 750 units, is likewise exempt from project-related income taxes, CWT, and value-added tax (VAT) 2 on its income received directly in connection with the said socialized housing project, pursuant to Section 20 (d) (1) and (3) of RA No. 7279, 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 (RD) to effect transfer of the land titles in the name of the NHA without the necessary Certificate Authorizing Registration (CAR) issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. CAIHTE Upon application for exemption, a lien on the titles of the lands shall be annotated by the concerned RD having jurisdiction over the properties, to the effect that the same are to be applied or are being applied to a socialized housing project pursuant to RA No. 7279, as amended. This CTE 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 20th day of December, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Contract for the Procurement of Fully Developed Lots and Completed Housing Units dated May 31, 2018. 2. BSP & Company, Inc. is exempt from VAT pursuant to Section 20 (d) (3) of RA No. 7279, as amended, since the project was awarded on September 19, 2017 or prior to the effectivity of RA No. 10963 (TRAIN Law).