Triumph Builders & Steel, Inc.

July 19, 2019 CERTIFICATE OF TAX EXEMPTION NO. 401-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that TRIUMPH BUILDERS & STEEL, 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 Socialized Housing Program, intended for the relocation and resettlement of Informal Settler Families (ISFs) living in danger areas and in other public places, to wit: AIDSTE Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax exemption March 9, 2017 May 19, 2017 P___________ 1 Construction of Eight (8) Three (3) Storey Low Rise Bldg. and Land Development Site 4, Package 2 2 Brgy. Bignay Valenzuela City 288 3 However, the purchases of goods/articles by TRIUMPH BUILDERS & STEEL, 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 TRIUMPH BUILDERS & STEEL, INC. 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 19th day of July, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The original contract price amounting to P_____________ per Contract Agreement dated May 19, 2017 was adjusted to P____________ for additional works covered by Variation Order No. 1 issued by the National Housing Authority dated February 18, 2019. 2. Certificate of Tax Exemption was previously issued under BIR Ruling No. 014-2018 dated January 16, 2018. 3. The number of units was not affected by the above-mentioned Variation Order.