BIR Ruling No. 454-2017

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 454-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Land Use Regulatory Board (HLURB) under Certificate of Registration No. value-added tax (VAT) pursuant to Section 20 of Republic Act (RA) No. 7279 on its income to Sell No. Number received directly in connection with its sale of socialized housing units to qualitied beneficiaries in Mercedes Homes -- Soro-Soro Phase 3, consisting of 669 units, located at Brgy. Soro-Soro llaya, Batangas City, Batangas, a project duly registered with the Housing and This certifies that ASTRA REALTY CORPORATION, with Tax Identification is exempt from income tax, creditable withholding tax (C'WT) and and License

covered by the tax exemption clause in Section 20 of RA No. 7279. Such being the case. the owner/project developer/seller shall be liable to pay the documentary stamp tax on the documents conveying the properties imposed under Section 196 of the Tax Code of 1997. as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of the sane Code, whichever is higher. Nonetheless, it is observed 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, to all other applicable taxes not enumerated above. The grant of tax exemption herein is subject to the compliance with the provisions ot

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. This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this. day of S .: :: 2017

1&u80

Commissioner of Internai Revenue CAESAR R. DULAY

009158

K-I-JAC

Astra Realty Corporation Page 2 ot 3 CI No. Date issued 9-15-2017 41+-2017

OF THE CERTIFICATE OF TAX FXEMPTION TERMS AND CONDITIONS

. The exemption from income. creditable withholding taxes and VAl covers only income directly attributable to the revenues generated from the 669t sociatized housing units in Mercedes Hiomes - Soro-Soro Phase 3. kocated at Brgy. Soro-Soro Iaya, Batangas City

Batanas

2 The developer shall submit the sworn statenent of the buyer that he is eligible as a socialized housing beneficiary under Section 5 (A) of Revenue Regulations (RR) No. 11-9? to the BIR

during the processing of the Certificate Authorizing Registration (CAR) for the transfer of the titte of the socialized housing unit.

3. It is understood that the Certificate Authorizing Registration (CAR) shall only be issued after

it is established upon proper verification by the Revenue District Ofticer (RDO) concerned that. considering the rules on valuation of real property. the actual selting price per sale transaction of the socialized house and lot packages in this case does not really exceed P400.000.00 and P160.000.00 for lot onty

4 list of Sateabte Socialized Housing Units (with a maximum price ot house & lot

package) granted by the HI.URB, Southern Tagalog Region for upgrading. to wit:

Approved on Juty 2.2014 Approved on Septemher 1, 2014 "Approved on Decentber 3. 2014 Blk. No.Lot No. 2 to 13: {82 W2S T7. 2 28 No. of 3 Lots Bik. No. Lot No. 16&1 26 to +3: 54. S7. 72 &73.8 E ! No. of Lots 2 Bitk. No." I Lot No. I. E' h: 2' I No. of Lots 4

57: 59: 61: 63.65.67 333 (): 21 (0 8.16: 18 10 {9: 21 23: 25:39: S 20,30: 35 23: 25: 29 34, 39. +3. 45. 47. 49 51: 53. S5: 58: 03: 65 y 10 15:17 43 791 ( E 1 1( 2 ( 28: 34: (o b 1218 (9, 32 (o 33:50.66 52. $7 Lo 7 42 19. 64 27. 35. h2: 36: 57. 59 1 8.T.30 th.23.27 70 }?0{ 1 1 I o 2.+ L3 : 8 ( 2 to 42.44. 29: 76.87 228:40 88 I to220 (w 38: 57 b4.69 1v 65.8t 58 ( 54 7: x8 I6 It i7. 2.28 (0 31. 52. 54 12: I5 18: 24: 26 by o 35. 37 18 A1 hi e 2 (4 7 to 8 I( i

1 The maximum selling price is pegged at 400,000.00 based on HLURB License to Sell No. 26096.

Astra Realty Corporation Page 3 ot 3 Date issued 9-1--2017 GIE No. 454-017

D O 56: 58 to 9: 13: 2 60); 72 10 45: 51 (0 14: 77 to 1o 22: 25: 38: 40: 43: 52 1S 87 to 88 13. 30. 32 57: 60.62 2 I ts 2.T

Subtota 2 2 2S 1 53: 55: 61 3: 5:7 to 8. 10. 3 to 5 3:7 (o8) Il to t+ 80 38 to V +3: 47: 50 64. 67.69 71. 77: 82 I8 to 22 75: 77(0 25 to 26 3335 to 67: (9 12: 15: 20: 17: 19: 21: 23: 25 (o 45 to +7 49 10 53 55 61: 63: 65 7] (s 73 $: 7: 9 11 [0 13: 15 2 39: +1. 43: 83 Y Subiota! 2 b 8 Sublotai

A YAa