Floridablanca Construction and Development Corp.

April 12, 2021 CERTIFICATE OF TAX EXEMPTION NO. NSH-091-21 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that Floridablanca Construction and Development Corporation ,an entity engaged by the National Housing Authority (NHA) , 1 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 of Fifteen (15)-Three Storey Low Rise Buildings and Land Development which will generate 522 socialized housing units located in Disiplina Village, Site 5, Barangay Bignay, Valenzuela City, intended for the relocation of qualified Informal Settler Families (ISFs) residing in Danger Areas, e.g. , Tullahan River. Moreover, the delivery of 522 socialized housing units shall be exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal Revenue Code of 1997, as amended, provided that the selling price thereof does not exceed P3,199,200.00 per house and lot package; provided further, that beginning January 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other residential dwellings with selling price of not more than P2,000,000.00. However, the purchases of goods/articles by Floridablanca Construction and 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 Floridablanca Construction and 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 12th day of April, 2021. aDSIHc (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Per Contract Agreement dated May 7, 2018.