DL Enterprises

August 6, 2019 CERTIFICATE OF TAX EXEMPTION NO. 436-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that DL ENTERPRISES 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 NHA-Tangub Resettlement Project under the NHA's Socialized Housing Program (insofar as the 227 socialized lots generated therefrom are concerned), 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 June 28, 2012 September 18, 2012 P____________ 1 NHA-Tangub Resettlement Project Brgy. Mantic, Tangub City, Misamis Occ. 227 2 However, the purchases of goods/articles by DL ENTERPRISES shall be subject to VAT, even if the said purchases are to be used for the land development intended for 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 DL ENTERPRISES must issue VAT-exempt official receipts on its gross receipts from the said land development 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 6th day of August, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The original contract price amounting to P______________ per Contract Agreement dated September 18, 2012 was adjusted to P____________ for additional works covered by Variation Order No. 1 issued by the National Housing Authority, Region 10, Cagayan de Oro City, dated April 25, 2013. 2. The number of units was not affected by Variation Order No. 1 dated April 25, 2013.