BIR Ruling No. 313-2018

BUREAU OF INTERNALREVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 313-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifies that Cenqhomes Development Corporation (CDC) with TIN

received directly in connection with its economic and low-cost housing project, Terraverde Residences Phase 4-A -- Brgy. Bancal, Carmona, Cavite consisting of 171 housing units is exempt from income tax and creditable withholding tax on its income

located at Brgy. Bancal, Carmona, Cavite, a project duly registered with the Board of Investments (BOI) under Registration No dated August 07, 2017, for a period of 3

years beginning from August 2017 or.actual start of commercial operations/selling. whichever is earlier, but in no case earlier.than the date of registration of the project with the BOI. pursuant to Executive Order No. 226, otherwise known as the "Omnibus Investments

Code of 1987" and Sec.2.57.5 (B)(2) of RRNo. 2-98, as amended.

Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109(1)(P) of the 1997 Tax Code, as amended.

The grant of tax exemption herein is subject to the compliance with the provisions of

applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof.

The Company is liable, however, for all other applicable taxes not discussed above.

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 day ofMAR 0 5 2013

Aewow

CAESAR R.DULAY Commissioner of Internal Revenue 014020

K-1-LMAT