J.C. Uyecio Construction and Development Company

December 17, 2019 CERTIFICATE OF TAX EXEMPTION NO. 800-19 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that J.C. UYECIO CONSTRUCTION AND DEVELOPMENT COMPANY 1 /AINA CONSTRUCTION 2 JOINT VENTURE ,an entity engaged by the National Housing Authority (NHA),is exempt from project-related income taxes, creditable withholding tax and value added tax (VAT), 3 pursuant to Section 20 (d) (1) and (3) of Republic Act (RA) 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 qualified Informal Settler Families (ISFs) residing along danger areas, 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 February 14, 2017 July 10, 2018 ___________ Construction of Eight (8) Five-Storey Low-Rise Buildings with Land Development and Survey Works Tala Phase III, Tala Estate, Caloocan City 480 units However, the purchases of goods/articles by J.C. UYECIO CONSTRUCTION AND DEVELOPMENT COMPANY/AINA CONSTRUCTION JOINT VENTURE 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 J.C. UYECIO CONSTRUCTION AND DEVELOPMENT COMPANY/AINA CONSTRUCTION JOINT VENTURE 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 17th day of December, 2019. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Taxpayer's Identification Number (TIN):000-000-000-000. 2. TIN: 000-000-000-000. 3. J.C. Uyecio Construction and Development Company/Aina Construction Joint Venture is exempt from VAT pursuant to Section 20 (d) (3) of RA No. 7279, as amended, since the project was awarded on February 14, 2017 or prior to the effectivity of RA No. 10963 (TRAIN Law).