Goldenville Realty and Development Corp.

May 26, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-268-20 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that GOLDENVILLE REALTY AND DEVELOPMENT CORP. with Taxpayers Identification Number (TIN) 000-000-000-000, a private 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 (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 house and lot packages under the National Housing Authority (NHA)'s Yolanda Permanent Housing Program, to wit: HTcADC Date of Notice of Award Date of Contract Agreement Contract Price Project Name Location No. of Socialized Housing Units subject of tax exemption July 16, 2018 February 27, 2019 1 March 07, 2019 2 P____________ Dulag Town Ville Phase 1 Brgy. San Antonio, Dulag, Leyte 500 housing units July 16, 2018 February 27, 2019 3 March 07, 2019 4 P____________ Dulag Town Ville Phase 2 Brgy. San Antonio, Dulag, Leyte 340 housing units July 16, 2018 February 27, 2019 5 March 07, 2019 6 P____________ Dulag Town Ville Phase 3 Brgy. San Antonio, Dulag, Leyte 340 housing units However, considering that the above-mentioned socialized housing projects were awarded on July 16, 2018, GOLDENVILLE REALTY AND DEVELOPMENT CORP. shall be subject to value-added tax (VAT) pursuant to Republic Act (RA) No. 10963, otherwise known as the "Tax Reform for Acceleration and Inclusion (TRAIN)" Law which took effect on January 01, 2018, on its income received directly in connection with the construction/development of the above-mentioned socialized housing projects. Moreover, the Deed of Absolute Sale executed by the Landowners in favor of the NHA over the parcel of land described below, to wit: Date Name of Landowner Original Certificate of Title (OCT) Area (Sq. m.) Area Transferred (Sq. m.) Location February 44, n 2019 1. AAA, married to BBB 2. CCC, married to DDD P-16327 186,021 120,000 Brgy. San Antonio, Dulag, Leyte which shall be used for the above-mentioned socialized housing projects, is not subject 7 to capital gains tax (CGT) and documentary stamp tax (DST) pursuant to Sections 19 and 20 of RA No. 7279, as amended. It is, however, understood that this Certificate of Tax Exemption (CTE) is never intended, and shall not be construed, as giving authority to the concerned Register of Deeds (RD) to effect transfer of the land title in the name of the NHA 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. CAIHTE This CTE 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 26th day of May, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Date acknowledged by Goldenville Realty and Development Corp. 2. Date acknowledged by the NHA. 3. Date acknowledged by Goldenville Realty and Development Corp. 4. Date acknowledged by the NHA. 5. Date acknowledged by Goldenville Realty and Development Corp. 6. Date acknowledged by the NHA. 7. The herein tax exemption does not cover income tax and DST due, if any, of the transfer of the property from EEE to AAA and CCC, per Absolute Deed of Sale of an Agricultural Parcel of Land both dated March 27, 1987. n Note from the Publisher: Copied verbatim from the official document.