Sunstone Construction & Supply

January 10, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-002-2020 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that SUNSTONE CONSTRUCTION & SUPPLY with Taxpayers Identification Number (TIN) ______________, 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, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with the Land Development of Upper Glad II Housing Project Phase 1 under the NHA's Socialized Housing Program (insofar as the 152 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 November 03, 2016 March 07, 2017 1 March 13, 2017 2 Land Development of Upper Glad II Housing Project Phase 1 Brgy. Upper Glad II, Midsayap, North Cotabato 152 3 However, the purchases of goods/articles by SUNSTONE CONSTRUCTION & SUPPLY 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 SUNSTONE CONSTRUCTION & SUPPLY 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 10th day of January, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Date acknowledged by SUNSTONE CONSTRUCTION & SUPPLY. 2. Date acknowledged by the NHA. 3. Per Memorandum of Agreement entered into by and between the NHA and the Municipal Government of Midsayap and the Approved Site Development Plan.