Phintecstar Construction, Inc.

December 13, 2019 CERTIFICATE OF TAX EXEMPTION NO. 791-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that PHINTECSTAR CONSTRUCTION, INC. (TIN: 000-000-000-000), an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes and creditable withholding tax, pursuant to Section 20 (d) (1) 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 Permanent Housing Program for the victims of Magnitude 6.5 Earthquake located at Brgys. Gaas and Dolores, Ormoc City, Leyte, 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 October 4, 2018 October 23, 2018 P__________ 1 Ormoc Highlands 1 and 2 Brgys. Gaas and Dolores, Ormoc City, Leyte 887 2 The purchases of goods/articles by PHINTECSTAR CONSTRUCTION, 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. Moreover, the Deeds of Absolute Sale/Unilateral Sale Executed by the Landowners in favor of the LGU-Ormoc City over the parcels of land described below, to wit: Date of Deeds of Absolute Sale Name of Landowners/ Sellers Original/Transfer Certificate of Title No. Area (Sq.m.) Area Transferred (Sq.m.) Location December 13, 2017 Sps. AAA and BBB OP-734 13,587 13,587 __________ June 10, 2018 Sps. AAA and DDD OP-735 39,429 19,161 __________ October 11, 2018 CCC 21620 78,960 78,960 __________ October 11, 2018 DDD 21621 78,961 78,961 __________ in so far as the area corresponding to the 887 housing units 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. 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 13th day of December, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. The original contract price amounting to P _______________ per Contract Agreement dated October 23, 2018 was adjusted to P _______________ for additional works covered by Variation Order No. 1 issued by the National Housing Authority dated October 31, 2018. 2. The number of units was increased from the original 792 house and lot units to 887 by the above-mentioned Variation Order.