BIR Ruling No. 431-2022

BUREAU OF INTERNAL REVENUE REPUBLICOFTHE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: PSHE43.1- 12022 CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN

Bauan, Batangas, a project duly registered with the Housing and Land Use Regulatory Board HLURB) under Certificate of Registration No. connection with its sale of socialized house and lot units to qualified beneficiaries in Lynville Residences Bauan, consisting of 3822 socialized house and lot units, located at Brgy. As-s. is exempt from income tax and creditable withholding tax (CWT) 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 This certifies that LYNVILLE REALTY & DEVELOPMENT CORPORATION and License to Sell No.

below, or house and lot and other residentiai dwellings valued at P3,199,200.00 and below, is Revenue Code Tax Code of 1997,as amended.Provided,however,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 P3,199,200.00.5 exempt from value-added tax (VAT) pursuant to Section 109l(P of the National Internal Moreover, the sale by the Company of residential lot valued at P1919,500.00 and

their fair market value determined in accordance with Section 6 (E of the same Code whichever.is higher. Likewise, lots/units classified as Economic Housing, not being covered by RA No. 7279, shall be subject to the payment of appropriate taxes. covered by the tax exemption clause in Section 20 of RA No. 7279.Thus] the documents of 1997, as amended, based on the consideration contracted to be paid for such realties or on conveying the properties shall be subject to DST imposed under Section 196 bf the Tax Code It is observed, however, that documentary stamp tax (DST is not one of the taxes

applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof. The Company is liable, however, for other applicable taxes not discussed above. The grant of tax exemption herein is subject to the compliance with the provisions of

that the facts are different, then this Certificate shall be considered null and void. documents as represented and submitted. However, if upon investigation, the BIR ascertains Issued this This Certificate of Tax Exemption is being issued on the basis of the facts and day ofNOV 11 2022

4Sale of lot onlyregardless of the price,shall be subject toVAT starting January 1,2021pursuant to RA No.10963. 3 Now: Department of Human Settlements and Urban Development (DHSUD). As adjusted using the 2010 Consumer Price Index values pursuant to Revenue RegulationsRRNo.8021 dated June 11, 2 Out of the total 382 house and lot units, 218 house and lot units shall not be sold for more than P450,000.00 per unit; while 1Now:Lynville Land Development Corp. K- 2021. the 164 house and lot units enumerated, identified and stated at the back hereof shall not be sold for mgre than P480,000.00 per unit. Commissioner of Internal Revenue LILIA CATRIS GUILLERMO Uh C 002413

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