Hi-Tri Development Corporation

December 29, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-0679-2020 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that HI-TRI DEVELOPMENT CORPORATION with Taxpayers' Identification No. (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 construction/development of socialized housing under the NHA's Socialized Housing Program, intended to AFP/PNP but re-allocated to Former Rebel's Housing Project, to wit: Date of Letter Guaranty Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units in Vale Vista Subdivision subject of Tax Exemption Dec. 8, 2015 Nov. 09, 2015 __________ per House and Lot Package (40 m 2 lot & 22 m 2 floor area) CDO Mid-Land Valley Homes Brgy. Mambu-aya, Cagayan de Oro City, Misamis Oriental 500 However, the purchases of goods/articles by HI-TRI DEVELOPMENT CORPORATION 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 HI-TRI DEVELOPMENT CORPORATION 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 29th day of December, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue