GLS Construction and General Merchandise

April 12, 2019 CERTIFICATE OF TAX EXEMPTION NO. 246-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that GLS CONSTRUCTION AND GENERAL MERCHANDISE (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 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 Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption September 19, 2017 Dec. 04, 2017 1 Dec. 18, 2017 2 P__________ Seawoods Residences Brgy. Camoboan, Tabogon, Cebu 184 However, the purchases of goods/articles by GLS CONSTRUCTION AND GENERAL MERCHANDISE 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 GLS CONSTRUCTION AND GENERAL MERCHANDISE must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale executed by the Landowner in favor of the NHA over the parcel of land described below, to wit: Date of Deed of Absolute Sale Name of Landowner/Seller Original/Transfer Certificate of Title No. Area (Sq. m.) Area Transferred (Sq. m.) Location April 12, 2018 AAA, BBB and CCC OP-42963 23,407 16,374.36 Brgy. Camoboan, Tabogon, Cebu which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax and documentary stamp tax under Sections 19 and 20 of Republic Act (RA) No. 7279. CAIHTE 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 12th day of April, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Date acknowledged by National Housing Authority. 2. Date acknowledged by GLS Construction and General Merchandise.