Eddmari Construction and Trading/Kit Properties, Inc.-JV

July 30, 2019 CERTIFICATE OF TAX EXEMPTION NO. 431-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that EDDMARI CONSTRUCTION AND TRADING/KIT PROPERTIES, INC.-JV (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 November 3, 2016 April 2, 2018 P___________ Barasan-Bolilao People's Village Brgy. Barasan and Bolilao, Dumangas, Iloilo 500 However, the purchases of goods/articles by EDDMARI CONSTRUCTION AND TRADING/KIT PROPERTIES, INC.-JV 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 EDDMARI CONSTRUCTION AND TRADING/KIT PROPERTIES, INC.-JV must issue VAT-Exempt official receipts on its gross receipts from the said socialized housing project. Moreover, the Deed of Absolute Sale/Unilateral Sale Executed by the Landowner in favor of the NHA over the parcels of land described below, to wit: Date of Deed of Absolute Sale Name of Landowner/Seller Original Certificate of Title No. Area (Sq. m.) Area Transferred (Sq. m.) Location January 29, 2018 KIT PROPERTIES, INC. 090-2017009980 090-2017-009981 16,359 26,830 38,000 1 Brgy. Barasan and Bolilao, Dumangas, Iloilo 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. 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. CAIHTE 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 30th day of July, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Portion of the area covered by TCT Nos. 090-2017009980 and 090-2017-009981.