TRM Construction & Development Corp.

March 2, 2018 CERTIFICATE OF TAX EXEMPTION NO. 298-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that TRM CONSTRUCTION & DEVELOPMENT CORP. , with Taxpayers Identification Number (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 (RA) No. 7279, on its income received directly in connection with the land development of Maayon Hills Subdivision Phase 2, Brgy. Poblacion Tabuc, Maayon, Capiz, under the NHA's Socialized Housing, to wit: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Lots Subject of Tax Exemption February 1, 2016 May 19, 2016 ____________ Maayon Hills Subdivision Phase 2 Brgy. Poblacion Tabuc, Maayon, Capiz 150 1 However, the purchases of goods/articles by TRM CONSTRUCTION & DEVELOPMENT CORP. 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 TRM CONSTRUCTION & DEVELOPMENT CORP. 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. TIADCc Issued this 2nd day of March, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Based on the Land Development Plan.