Altissima Enterprises

June 8, 2020 CERTIFICATE OF TAX EXEMPTION NO. NSH-299-20 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that ALTISSIMA ENTERPRISES with Taxpayers Identification Number (TIN) 000-000-000-000, an entity engaged by the National Housing Authority (NHA), 1 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 house and lot packages under the NHA's Socialized Housing Program through the Community Initiative Approach (CIA), to wit: Projects Name Location No. of Socialized Housing Units Subject of Tax Exemption Beneficiaries Villa Santa Rosa Brgy. Caingin, Sta. Rosa, Laguna 1,525 2 Villa Santa Rosa Homeowners' Association, Inc. However, the purchases of goods/articles by ALTISSIMA ENTERPRISES shall be subject to VAT, even if the said purchases are to be used for the above-mentioned socialized housing projects, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that ALTISSIMA ENTERPRISES must issue VAT-exempt official receipts on its gross receipts from the said socialized housing projects. HTcADC Moreover, the Extrajudicial Settlement of Estate with Waiver of Rights and Sale in Favor of National Housing Authority entered by the Landowners and the NHA over the parcel of land described below, to wit: Date Name of Landowners Transfer Certificate of Title No. Area (sq. m.) Transferred (sq. m.) Location October 16, 2019 Heirs of AAA and BBB 060-RT2019013470 (RT-NA) 24,333 24,333 Brgy. Caingin, Sta. Rosa, Laguna which will be used for the above mentioned socialized housing project, is not subject 3 to income tax/capital gains tax/expanded withholding tax, and documentary stamp tax 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 to effect transfer of the land title in the name of the NHA without the necessary certificate of authority to register issued by this Bureau. In this regard, this CTE, together with the documentary requirements provided under Revenue Memorandum Order (RMO) No. 15-2003, shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the CAR. Upon application for exemption, a lien on the title of the land shall be annotated by the Register of Deeds having jurisdiction over the property, to the effect that the same is to be applied or is being applied to a socialized housing project pursuant to RA No. 7279, as amended. 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 8th day of June, 2020. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue Footnotes 1. Per Memorandum of Agreement executed on November 2, 2013. 2. Per Certification of AR. SUSANA V. NONATO, the Regional Manager of the NHA, Region 4, dated October 17, 2019. 3. The herein tax exemption does not cover the following: a. Estate tax due, if any, on the transfer of the share of AAA (died September 19, 1947) to CCC; b. Estate tax due, if any, on the transfer of the share of BBB (died January 16, 1958) to CCC; c. Estate tax due, if any, on the transfer of the property from CCC (died August 8, 1990) to DDD; c. n Estate tax due, if any, on the transfer of the property from DDD (died September 23, 2015) to EEE and FFF; and d. Donors tax, if any, on the waiver of rights made by FFF of his share on the property in favor of EEE. n Note from the Publisher: Copied verbatim from the official document.Irregular alphabetical sequence.