Compact Builders, Inc.

May 27, 2022 CERTIFICATE OF TAX EXEMPTION NO. PSH-273-2022 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN : This certifies that Compact Builders, Inc. , with Taxpayer Identification Number (TIN) 000-000-000-000, an entity engaged by the Quezon City Government , 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 development/construction of socialized housing units for the benefit of qualified informal settler families (ISFs) under the Quezon City Government's Socialized Housing Program, to wit: Date of Notice of Award Date of Contract Agreement Contract Price (Php) Project Name Location No. of Socialized Housing Units subject of tax April 3, 2017 May 3, 2017 ___________ Bistekville 20 Brgy. Matandang Balara, Quezon City 138 non-loftable three-storey walk-up condominium units However, the purchases of goods/articles by Compact Builders, Inc. , 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 Compact Builders, Inc. 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 27th day of May, 2022. CAESAR R. DULAY Commissioner of Internal Revenue By: (SGD.) MARISSA O. CABREROS Deputy Commissioner Legal Group Officer-in-Charge