TRM Construction and Development Corporation

March 2, 2018 CERTIFICATE OF TAX EXEMPTION NO. 299-18 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that TRM CONSTRUCTION AND DEVELOPMENT CORPORATION (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, otherwise known as the "Urban Development and Housing Act of 1992," on its income received directly in connection with the construction/development of socialized housing units under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: Project Name Location No. of Socialized Housing Units/Lots Subject of Tax Exemption Date of Notice of Award Date of Contract Agreement Contract Price San Jose Ville-Site 4 Brgy. San Jose, Roxas City, Capiz 332 November 3, 2016 September 19, 2017 P______________ San Jose Ville-Site 5 Brgy. San Jose, Roxas City, Capiz 631 November 3, 2016 September 19, 2017 P______________ However, the purchases of goods/articles by TRM CONSTRUCTION AND DEVELOPMENT CORPORATION shall be subject to VAT, even if the said purchases are to be used for the socialized housing projects, 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 AND DEVELOPMENT CORPORATION must issue VAT-exempt official receipts on its gross receipt from the said socialized housing projects. cSaATC Moreover, the Deeds of Absolute 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 Landowner/Seller Original Certificate of Title (OCT)/Transfer Certificate of Title (TCT) No. Area (sq.m.) Area Transferred (sq.m.) Location August 15, 2017 Heirs 1 of AAA and BBB Lot Nos. 4071-I-10 and 4071-I-18 which are portions of a parcel of land covered by TCT No. T-17920 118,644 11,231 Brgy. San Jose, City of Roxas, Capiz August 7, 2017 CCC EP-423 2,222 2,222 Brgy. San Jose, City of Roxas, Capiz August 7, 2017 DDD LA-242 15,964 15,964 Brgy. San Jose, City of Roxas, Capiz August 7, 2017 EEE Lot Nos. 4071-J-3, 4071-J-10, 4071-J-15, and 4071-J-21 which are portions of a parcel of land covered by TCT No. T-17921 118,630 37,881 Brgy. San Jose, City of Roxas, Capiz August 7, 2017 FFF EP-424 2,232 2,232 Brgy. San Jose, City of Roxas, Capiz which shall be used for the above-mentioned socialized housing projects, are not subject to capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 of Republic Act (RA) No. 7279. 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 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 2nd day of March, 2018. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The tax exemption set forth herein does not include exemption from estate tax which may be due, if any, from the transfer of the subject real property.