Lak-k Builders Co.

May 28, 2019 CERTIFICATE OF TAX EXEMPTION NO. 302-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that Lak-k Builders Co. (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, otherwise known as the "Urban Development and Housing Act of 1992," 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 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 Patnongon Vista Residences Site 1A Brgys. Badiangan and Tamayoc, 1 Patnongon, Antique 970 May 19, 2017 February 23, 2018 P___________ However, the purchases of goods/articles by Lak-k Builders Co. 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 Lak-k Builders Co. 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. Issued this 28th day of May, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Per Development Permit issued by the Office of the Sangguniang Bayan, Municipality of Patnongon.