Phintecstar Construction, Inc.

May 23, 2019 CERTIFICATE OF TAX EXEMPTION NO. 297-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PHINTECSTAR CONSTRUCTION, INC. (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 May 19, 2017 November 8, 2017 P___________ Junctionville Brgy. Cabibihan, Caibiran, Biliran 989 However, the purchases of goods/articles by PHINTECSTAR CONSTRUCTION, 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 PHINTECSTAR CONSTRUCTION, INC. must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deeds of Absolute Sale/Unilateral Sale Executed by the Landowners in favor of the NHA over the parcels of land described below, to wit: Date of Deeds of Absolute Sale Name of Landowners/Sellers Transfer Certificate of Title No. Area (Sq. m.) Area Transferred (Sq. m.) Location February 2, 2018 Sps. AAA and BBB CARP2018000002 10,100 4,689 Brgy. Cabibihan, Caibiran, Biliran February 2, 2018 Sps. CCC and DDD CARP2017000317 10,015 8,780 Brgy. Cabibihan, Caibiran, Biliran February 2, 2018 Sps. CCC and DDD CARP2017000318 6,512 3,311 Brgy. Cabibihan, Caibiran, Biliran February 2, 2018 Sps. EEE and FFF TC-3496 25,756 15,721 Brgy. Cabibihan, Caibiran, Biliran February 2, 2018 Sps. GGG and HHH CARP2018000001 30,000 30,000 Brgy. Cabibihan, Caibiran, Biliran February 2, 2018 Sps. III and JJJ TC-3781 16,722 7,250 Brgy. Cabibihan, Caibiran, Biliran 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 It is, however, understood that this CTE is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds to effect transfer of the land titles 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 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 23rd day of May, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue