Vicente T. Lao Construction

May 22, 2019 CERTIFICATE OF TAX EXEMPTION NO. 294-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that VICENTE T. LAO CONSTRUCTION with Taxpayers Identification Number (TIN) 000-000-000-000, a private 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 procurement of house and lot packages under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Date of Notice of Award Date of Contract Agreement Contract Price Project Name Location No. of Socialized Housing Units subject of tax exemption Nov. 03, 2016 Nov. 21, 2017 P___________ Lanao Unity Park Homes Brgy. Lanao, Daanbantayan, Cebu 1,000 housing units However, the purchases of goods/articles by VICENTE T. LAO 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 VICENTE T. LAO CONSTRUCTION must issue VAT-exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the following Deed of Absolute Sale executed by the Landowners in favor of the NHA over the parcel of land described below, to wit: Date Name of Landowners Transfer Certificate of Title (TCT) No. Area (Sq. m.) Area Transferred (Sq. m.) Location Oct. 19, 2017 Spouses AAA and BBB TP-28275 89,356 87,358 1 Bo. of Lanao, Municipality of Daanbantayan, Province of Cebu which shall be used for the above-mentioned socialized housing project, is not subject to capital gains tax (CGT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 7279. CAIHTE 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 title 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 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 22nd day of May, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Net of the perpetual of right of way donated in favor to the Government, consisting of 1,998 square meters, more or less.