Edison Development & Construction

March 27, 2019 CERTIFICATE OF TAX EXEMPTION NO. 220-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN: This certifies that EDISON DEVELOPMENT & CONSTRUCTION (TIN: 000-000-000-000), an entity engaged by the Local Government Unit of Carles, Iloilo, is exempt from project-related income taxes and 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 construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit: Date of Memorandum of Agreement executed between the NHA and the Local Government of Concepcion, Iloilo Project Name Date of Notice of Award (Per NHA letter dated February 19, 2019, the Project was funded, implemented and downloaded to the LGU in 2017) Contract Price Location No. of Socialized Housing Units subject of Tax Exemption December 12, 2017 Timbo-ok Village April 16, 2018 P_____________ Brgy. Guinticgan, Carles, Iloilo 708 However, the purchases of goods/articles by EDISON DEVELOPMENT & 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 EDISON DEVELOPMENT & CONSTRUCTION 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 27th day of March, 2019. CAIHTE (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue