TIFFANY TOWER REALTY CORPORATION (now ASB DEVELOPMENT CORPORATION) v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY TIFFANY TOWER REALTY CORPORATION (now ASB Development Corporation), Petitioner, -versus- C.T.A. CASE NO. 5802 COMMISSIONER OF INTERNAL REVENUE, Pr~PlWg"teiJ: Respondent . At'I( ~~ ~ X- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - X DECISION This case involves a claim for refund or issuance of a tax credit certificate in the amount of P40,365,364.00 (originally in the amount of P140,658,85 7. 00) representing unutilized withholding tax credits for the calendar year ended December 31, 1996. The facts as culled from the records are as follows : Petitioner is a domestic corporation duly organized and existing under the laws of the Republic of the Philippines, with principal office at ASB Center, 114 Benavidez St. , Legaspi Village, Makati City. (par. 1, Stipulated Facts, Joint Stipulation of Facts and Issues, page 72, CTA Records) For the calendar year ended December 31 , 1996, petitioner filed its Annual Income Tax Return on April 15, 1997 (Exhibit "B "), declaring a taxable income amounting to P16,074,750.00 and an income tax due thereon ofP5,626,163 .00. It likewise reflected in its return an excess and/or unutilized creditable income tax amounting to P40,365,364.00 (Exhibits "B-1 ", "B-3 "), computed as follows :

DECISION C.T.A. CASE NO. 5802 Page 2 Tax Due p 5,626,163 .00 Less: Tax Credits/Payments a) Prior Year' s Excess Credit P 21 ,227,607.00 b) Quarterly Payments =24-'-'-'-'76=3'-'-9':::.::2=0_,_0,.=0_ _ __ 4..:.:5'-'--"-9"--91:..�:.=52::.C7.-'-0=--=-0 Total Amount Payable (Refundable) P (40.365.364 00) On April 15, 1998, petitioner filed its Annual Income Tax Return for the calendar year ended December 31 , 1997 (Exhibit "C ") . An amended return was thereafter filed on April 30, 1998 (Exhibit "D ") , declaring a net loss amounting to P 16,026,027 and total tax credits/payments in the amount ofP140,658,857 (Exhibits "D-1 " and "D-3 "), computed as follows : Tax Due NIL Less: Tax Credits/Payments p 40,365,365 .00 a) Prior Year' s Excess Credits 100,293,492.00 b) Creditable Tax Withheld Total Amount Payable (Refundable) P040.658.857 00) Since petitioner was at a net loss position, it opted to claim for the refund of its excess creditable taxes in the aggregate amount ofP140,658,857.00 as indicated by the "x" mark in box no.1 described as "To be refunded" (Exhibit "D-1 ''). On September 21 , 1998, petitioner filed an administrative claim for refund with the BIR Revenue District Office No. 47, Makati City, in the aggregate amount of P140,658,857.00 representing its unutilized creditable withholding tax credits for the calendar years ended December 31 , 1996 and December 31 , 1997 (Exhibit "F'') . Due to the inaction by the respondent Bureau, petitioner filed the instant petition for review on April15, 1999. Respondent, in his Answer filed on June 18, 1999, raised the following Special and Affirmative Defenses:

DECISION C.T.A . CASE NO. 5802 Page 3 "5. Petitioner' s claim for refund is under investigation by respondent Commissioner of Internal Revenue; 6. Petitioner' s claim has partially, if not totally, prescribed; 7. The 1997 Corporation Annual Income Tax Returns are in the name of ASB Development Corporation and no proof has been presented to show that the former is the same company as Tiffany Tower Realty Corporation; 8. In an action for tax refund, petitioner must show that taxes were paid erroneously or collected illegally. Failure to sustain this burden is fatal to the action for refund. 9. Claims for refund are construed strictly against the claimants since they are in the nature of exemption from taxation. (Manila Electric Co. vs. C.I.R. 67 SCRA 351); 10. Taxes are presumed to have been paid m accordance with law, hence not refundable ." On November 26, 2001 , this case was deemed submitted for decision after respondent failed to file his memorandum within the period given by the court (page 283, CTA Records) . However, on February 19, 2002, petitioner filed an "Urgent Motion toRe- open Case For Trial And Leave of Court to Present Additional Evidence," which was granted by the court on March 1, 2002 (page 292, CTA Records). On June 7, 2002, petitioner filed a "Motion to Withdraw the Claim For Refund or Issuance of a Tax Credit Certificate of Petitioner' s Unutilized Withholding Tax Credits for the calendar years (sic) ended December 31 , 1997." In said motion, petitioner sought for the withdrawal of its claim for refund for the calendar year ended December 31 , 1997 in the amount of P 100,293 ,492.00, in view of the issuance by the BIR of Tax Credit Certificates Nos. 024660 to 024669 in the aggregate amount of P99,485,455 .76 (net of the disallowed credit ofP808,036.24) (pages 300-302, CTA Records).

DECISION C.T.A. CASE NO. 5802 Page4 The court granted the aforementioned motion in a resolution promulgated on July 1, 2002, thereby limiting petitioner' s claim for refund to the amount of P40,365,364.00, representing its unutilized withholding tax credits for the calendar year ended December 31 , 1996. On October 8, 2002, petitioner filed a "Motion to Admit Supplemental Memorandum." The motion was granted by the court on November 22, 2002 and confirmed in a resolution promulgated on November 29, 2002. On said date, this case was considered submitted for decision. The sole issue for the court' s resolution is: "Whether or not petitioner is entitled to claim for the refund on the basis of the evidence presented." Before we resolve the above-stated issue, we shall first rule on the allegation made by respondent in his Answer that petitioner' s 1997 Corporation Annual Income Tax Return is in the name of ASB Development Corporation and no proof has been presented to show that it is the same company as Tiffany Tower Realty Corporation. The court does not agree. On the contrary, petitioner presented in evidence a Certificate of Filing of Amended Articles of Incorporation with an attached Director's Certificate (Exhibits "A "," A-1 " and "A-2 '') in order to prove that ASB Development Corporation used to be Tiffany Tower Realty Corporation and that they are one and the same entity. We now proceed to resolve the above-stated issue. After a careful examination of the evidence adduced solely by petitioner, the instant petition is PARTIALLY GRANTED.

DECISION C.T.A. CASE NO. 5802 Page 5 Petitioner anchors its claim for refund on Section 69 (now Section 76) in relation to Section 230 (now Section 229) ofthe Tax Code, which provides, viz: "SEC. 69. Final Adjustment Return. - Every corporation liable to tax under Section 24 shall file a final adjustment return covering the total net income for the preceding calendar or fiscal year. If the sum of the quarterly tax payments made during the said taxable year is not equal to the total tax due on the entire taxable net income of that year the corporation shall either: (a) Pay the excess tax still due; or (b) Be refunded the excess amount paid, as the case may be. In case the corporation is entitled to a refund of the excess estimated quarterly income taxes paid, the refundable amount shown on its final adjustment return may be credited against the estimated quarterly income tax liabilities for the taxable quarters of the succeeding taxable year. "SEC. 230. Recovery of tax erroneously or illegally collected. - No suit or proceeding shall be maintained in any court for the recovery of any national internal revenue tax hereafter alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected, until a claim for refund or credit has been duly filed with the Commissioner; but such suit or proceeding may be maintained, whether or not such tax, penalty, or sum has been paid under protest or duress. In any case, no such suit or proceeding shall be begun after the expiration of two years from the date of payment of the tax or penalty regardless of any supervening cause that may arise after payment: Provided, however, That the Commissioner may, even without a written claim therefor, refund or credit any tax, where on the face of the return upon which payment was made, such payment appears clearly to have been erroneously paid." Based on the above provisions, petitioner is legally entitled to claim for the refund or tax credit of its unutilized withholding tax credits for the calendar year ended December 31 , 1996. Nonetheless, the following basic requirements as provided under Revenue

DECISION C.T.A. CASE NO. 5802 Page 6 Regulations No. 12-94 (amending Revenue Regulations No. 6-85) and affirmed by jurisprudence must still be met by the petitioner, to state: 1. That the claim for refund was filed within the two-year prescriptive period provided under Section 204(3) [now 204 (C)] in relation to Section 230 [now 229] ofthe Tax Code, as amended; 2. That the income upon which the taxes were withheld were included in the return ofthe recipient; and 3. That the fact of withholding is established by a copy of a statement duly issued by the payor (withholding agent) to the payee, showing the amount paid and the amount of tax withheld therefrom. [Citytrust Finance Corporation vs. The Commissioner of Internal Revenue, CTA Case No. 4134, November 11, 1991, affirmed by the Court ofAppeals in Citytrust Finance Corporation vs. Court of Tax Appeals and The Commissioner ofInternal Revenue, CA. G.R SP No. 28239, March 14, 1994; Citytrust Finance Corporation (formerly Investors Finance CorporationiFNCB Finance) vs. Commissioner of Internal Revenue, CTA Case No. 4046, February 24, 1993, affirmed by the Court of Appeals in Commissioner of Internal Revenue vs. Citytrust Finance Corporation (formerly Investors Finance Corp.IFNCB Finance) and the Court of Tax Appeals, CA G.R SP No. 31104, April 18, 1994; Ayala Life Assurance, Inc. vs. Commissioner of Internal Revenue, CTA Case No. 5631, dated May 11, 2000; Stock Transfer Service, Inc. vs. Commissioner of Internal Revenue, CTA Case No. 5796, dated May 3, 2000; Union Bank of the Philippines vs. Commissioner of Internal Revenue, CTA Case No. 5623, dated April 12, 2000; Citibank, N.A. vs. Court ofAppeals and Commissioner of Internal Revenue, 280 SCRA 459; ACCRA Investments Corporation vs. Court ofAppeals, 204 SCRA 957]. As to whether or not the claim for refund was timely filed, the court rules in the affirmative. Petitioner filed its letter-claim for refund with the BIRon September 21 , 1998 while this petition for review was filed on April 15, 1999. Reckoned from April 15, 1997, the date of filing of the 1996 final adjustment return, both the administrative and judicial claims for refund were filed within the two-year prescriptive period.

DECISION C.T.A. CASE NO. 5802 Page 7 It is to be noted, however, that petitioner' s 1996 excess tax credits amounting to P40,365,364.00, consisted ofthe following : Prior Year' s Excess Credit P21 ,227,607.00 p 15'60 1'444.00 Less: 1996 Tax Due p 5,626,163 .00 24,763,920.00 Add: Creditable Tax Withheld 1996 Excess Tax Credits P40.365.364.00 Considering that petitioner' s 1996 claim for refund does not entirely pertain to the year 1996 but includes prior year' s {1995) excess credit ofP15,601 ,444.00, this court rules that petitioner is barred from claiming the said portion as the same had already prescribed. Petitioner' s claim for refund of its 1995 excess tax credits should have been filed within the two-year prescriptive period computed from the time of filing the Final Adjustment Return or Annual Income Tax Return (Commissioner of Internal Revenue vs. TMX Sales, Inc., G.R. No. 83736, January 15, 1992; Commissioner of Internal Revenue vs. Court of Appeals, G.R. No. 117254, January 21, 1999). Furthermore, no documents were presented by petitioner to support its entitlement thereto. In view thereof, the discussion is centered on petitioner' s remaining creditable tax withheld for the year 1996 in the amount ofP24,763 ,920.00. We proceed to the second requirement. To prove compliance therewith, petitioner presented its income tax returns for the taxable years 1990 to 1996 (Exhibits "B ", "Un ", "Z10 ", "A n", "Bn ", "K11 " and "L11 ") and various Sales Summaries pertaining to taxable years 1990 to 1996 (Exhibits "M 11 " to "S11 ''). A scrutiny of petitioner' s income tax returns for the taxable years 1990 to 1996 would show that the income from sale of real property from which the 1996 creditable taxes were withheld were included as part of its gross income (Exhibits "B ", "U11 " , "Z10 " ,

DECISION C. T.A. CASE NO. 5802 Page 8 "A 11 " , "B11 " , "K11 " and "L 11 ''). Likewise, petitioner' s management fees were verified to have been included as part of the gross income declared in its 1996 Annual Income Return. (Exhibit "B-4 ''). However, the court noted that petitioner' s rental income as reflected in its certificates of creditable withholding tax is higher than the amount declared in its 1996 Annual Income Tax Return (Exhibit "B-5 ''). Consequently, this court can only grant a refund in proportion to what has been declared in its 1996 Annual Income Tax Return, thus: Per Certificate (Annex "A '') Rental Income Tax Withheld Per Income Tax Return P73 ,705,427.00 P3,686,463 .22 68,022,304.00 3,401 ,115 .20 Difference representing creditable withholding tax on -------------------- undeclared income P285 ,348 .02 = = ===== Lastly, we find petitioner to have complied with the third requirement. To establish the fact of withholding, petitioner presented in evidence vanous certificates of creditable taxes withheld at source (Exhibits "H " to "Z " and "AA " to "PP'') and monthly remittance returns (Exhibits "QQ " to "ZZ ", "AAA " to "ZZZ ", "AAAA " to "ZZZZ ", "AAAAA " to "ZZZZZ " and "AAAAAA " to "GGGGGG''). Then again, the court is not inclined to grant the entire claim. After an examination of the aforesaid certificates of creditable taxes withheld at source and the monthly remittance returns, the creditable withholding taxes totaled only P23 ,446,953 .87 (Annex "A''). In fine, petitioner' s claim is entitled to the reduced amount of P23 ,446,953 .84, computed as follows :

DECISION C.T.A. CASE NO. 5802 Page 9 Amount Claimed p 15'601'444.00 P40 ,365 ,364 .00 Less: Disallowances 1,031 ,618 .11 16 ,918 ,410 . 13 1. Prior Year' s Tax Credits (1995) 285 ,348 .02 2. Unsupported Documents ------------------- (P24,763 ,920.00 - 23 ,732,301 .89) ------------------- 3. Creditable withholding tax P23,446,953 .87 corresponding to the undeclared mcome Amount Granted WHEREFORE, in view of all the foregoing, the instant petition is hereby PARTIALLY GRANTED . Accordingly, respondent is ORDERED to REFUND or, in the alternative, ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of P23 ,446,953 .87 representing its excess unutilized creditable withholding taxes for the calendar year ended December 31 , 1996. SO ORDERED. 2::::;::.-tr e -~~, ~. JUANITO C. CASTANEDA,<lR. Associate Judge WE CONCUR: ERNESTO D. ACOSTA Presiding Judge Associate Judge

DECISION C.T.A. CASE NO. 5802 Page 10 CERTIFICATION I hereby certify that the above decision was reached after due consultation with the members of the Court of Tax Appeals in accordance with Section 13, Article VIII of the Constitution. L~ . o~ ERNESTO D. ACOSTA Presiding Judge

SCHEDULE OF ALLOWABLE CREDITABLE WITHHOLDING TAX AS OF DECEMBER 31 , 1996 ANNEX A TIFFANY TOWER R:::ALTY CORPORATION vs . COMMISSIONER OF INTERNAL REVENUE CTA CASE NO. 5802 PER PETITIONER'S SUMMARY PER CERTIFICATE ALLOWABLE CREDITABLE WITHHOLDING WITHHOLDING WITHHOLDING TAX WITHHOLDING AGENT TAX BASE TAX EXHIBIT TAX BASE TAX TAX BASE I. RENTAL INCOME & PROFESSIONAL FEES ,. AGENCE FRANCE-PRESSE p 880,000.00 p 44 ,000 .00 H p 880 ,000.00 p 44,000.00 p 880 ,000.00 p 44,000.00 ALA CARTE FOOD CORP 2,447,684.80 122,384.24 2,447,684.80 122,384.24 ASB FINANCE, INC. 2,455,627.20 122,781 .52 I 201 ,300.00 9,900 .00 201 ,300.00 9,900.00 481 ,800 .00 24 ,090 .00 99 ,000 .00 4,950 .00 4,950 .00 11 ,037,999.80 551 ,899 .90 J 102,300 .00 551 ,899 .90 11 ,037 ,999.80 24,000.00 1,200.00 K 1,200.00 3,780 ,000.00 189,000.00 24 ,000 .00 189,000.00 BANK OF SEA SAVINGS 12 ,040,948 .60 602,047.43 L 3,780,000.00 BARRICK GOLD 2,514,285.60 47 ,047.00 BOVIS ASIA PACIFIC 938,181 .60 125,714.28 NO DOC 940,940.00 9,522.00 BSA COMMERCIAL 24,000.00 190 ,440 .00 3,174 .00 BURNSCODE INTL CORP 3,821 ,935.60 46,909 .08 NO DOC 3,174 .00 CARGILL PHILS 1,005 ,715.20 63,480.00 3,174.00 CHANNEL LTD 1,142,858.40 1,200.00 M 63,480.00 CHARLES SANDHAM 836 ,508.00 63,480.00 83 ,732.31 COCA COLA EXPORT CORP 1,010,640.00 191 ,096.78 C11 94,741 .90 CONGEE SQUARE 1,035,034.00 1,674,646.20 26 ,885 .56 DHL 253 ,920.00 50 ,285.76 NO DOC 1,894,838.00 28 ,110.85 39,745.49 57 ,142.92 NO DOC 537 ,711 .20 562 ,217 .00 82 ,790.00 41 ,825 .40 NO DOC 794 ,909.80 14,947 .44 50 ,532.00 NO DOC 1,655,808.00 7,473. 72 298 ,948.32 7.473 .72 51,751 .70 D11 149.474 . 16 940 ,NO.OO 47,047 .00 149.474 . 16 190,440.00 9,522.00 12,696 .00 0 p a EAST OCEAN FOOD CORP 3,227,148.00 161 ,357 .40 NO DOC EXCEL FOODS CORP 1,331 ,168.00 GOLDEN ARCHES DEVLT CORP 2,287 ,610 .80 67,915.67 T 1,331 ,1 58 .00 67 ,915 .67 1,894,838 .00 94,741 .90 113 ,023 .51 u v w J . SOTO BOUTIQUE 9,473 .40 473.67 NO DOC LEDESMA, SALUDO & ASSOC 1,629,525 .20 LEE COMMODITIES 81 ,476.26 X 1,629,525 .20 81 ,476.26 348,773 .60 298 ,948 .32 14,947.44 17 ,438 .68 y z 1 of 14

MARBEN FOODS PHILS 2 , 145,000 .00 107,250.00 AA 1,056,000.00 52 ,800.00 1,056,000.00 52,800.00 MATSUSHITA ELECTRIC 914,285.60 45,714.28 11 1 914,285.60 45 ,714.28 914,285.60 45 ,714.28 MENACHEM LOURIE 960,000 .00 48,000.00 NO DOC 54 ,878 .22 MGH RESTAURANT 55,680 .12 1,097 ,563 .50 54,878.22 1,097 ,563.50 1 ' 113,602.40 E11 365,854 .50 18 ,292 .74 933 ,076.98 46 ,65 3.84 MTR RESTAuRANT 93 ,378.39 F1 1 731.709 00 36.58548 OSA FOODS 1,867,567.80 44,803.30 9 3 3,076 .98 46 ,653 .84 3 ,344 ,576 .40 167 ,228.43 PERLA MANSION CONDOTEL 896 ,066.00 BB PHIL FAVORITE CHICKEN 20 ,315 .00 1,015.75 3 ,344 ,576 .40 ,. 167,228.43 5,863,636.40 293 ,181 .82 199 ,4 7 4 .11 NO DOC 1,993 ,345.20 99 .667 .26 32 ,755 ,000 .00 1,637' 750.00 3,989 ,482.20 NO DOC 16,890. 00 293 ,181 .82 337 ,807 .80 16 ,890 .39 571 ,428.00 28 ,571.40 PHILNICO MINING & INDL CORP 5 ,863 ,636 .40 1,708,012.20 cc 337.807 .80 16 ,890 .39 1,655,873 .60 82 ,793 .68 RIZAL BANKING CORP 34,160,244.00 337,807 .80 16 ,890 .39 S. SOTO BOUTIQUE 157.89 DO 337 ,807 .80 293 ,181.82 857 , 142 .86 42 ,857.14 THEJAPANESEASSOC. MLA 3,157.80 28 ,571 .40 EE 5 ,863 ,636 .40 1,637 ,750 .00 73,705,427.46 p THE NEW ZEALAND INSURANCE 571 ,428.00 48 ,300.00 FF 32,755 ,000.00 3,686 ,463.22 THE RED KEITLE CO 966 ,000.00 82,793.68 GG 28,571 .40 PERLA MANSION CONDOTEL 1,655,873.60 HH 571 ,428.00 88 ,908 .86 PRINCE PLAZA II 409 .24 pp 90 ,383.10 3,960 .00 PROCTER & GAMBLE 8 ,184.80 184.60 NO DOC 1,807,662.00 ROSIELLE SOTO 3,692 .00 42,857.16 G 11 17 ,500.00 857 ,143.20 789.45 NO DOC 857,142.86 42,857 .14 20 ,691 .00 15,789 .00 II NO DOC 131 ,059.86 93,286,621.00 p NO DOC 00 1,779 ,075.00 p NO DOC 79 ,200.00 SUBTOTAL p 4,664,331.45 p 76 ,848,174.37 p 3,842,242.88 p 350 ,000 .00 II. PROFESSIONAL FEES 413 ,820.00 BSA FINANCE p 88,953.75 N p 1,778 ,177.51 p 88 ,908.86 p 1,778 ,177.51 p 79 ,200.00 3,960.00 79 ,200.00 PETHAINC 3,960.00 JJ, KK 350,000.00 17 , 500 .00 350 ,000 .00 PRINCE PLAZA 17 ,5 0 0 .00 LL 413,820.00 20 ,69 1.00 413,820 .00 206 ,910.00 10 ,34 5.50 PRINCEVILLE CONDO 20 ,691 .00 206 ,910.00 10 ,345 . 50 2,621 ,197.51 p MM 3,035,017.51 p 151 ,750.86 p NN SUBTOTAL p 2,622 ,095.00 p 131,104.75 p 2 of 14

Ill. INCOME FROM SALES OF REAL PROPERTY 3 GOLD PROPERTIES p 15,521,655.12 p 776,082.75 p 15,521 ,655.12 p 776,082.75 p 15,521 ,655 .12 776 ,082 .7 5 4.703 ,531 .84 235 ,176.59 ss 4,703 ,531 .84 235 ,176.59 57,891.10 2,894.56 4,703 ,531 .84 235 ,176.59 1,064,580 .00 31 ,937.40 ss 1,411 ,059 .60 1,602,269.99 80 ,1 13.49 57,891 .1 0 70 ,552.98 ss 1 ,0 6 4 ,580.00 2,894.56 1'107 ,482.03 33 ,224 .46 1 ,6 0 2 ,269 .99 2,082 ,939.70 104,146.99 KKK, KKK-1 122 ,575 .98 31 ,937.40 1,268 ,331 .00 124,465.69 80 ,11 3.49 4,73 1,978.23 38,049.93 543 PROPERTY VENTURES, INC . 57,891 .10 2,894.5 6 XX 126,384 .54 186,954.91 ADONIS JURADO 1,064,580.00 128 ,332 .96 6 , 128 .80 1,268,331 .00 AGRIMEX SALES CORP 1,602 ,269 .99 31 ,937.40 GGG 130,311.43 6 ,223 .28 1,275 ,053.50 38,049.93 132,320.40 6 ,319.23 2,481 ,428.93 38,251.61 80 ,113.49 270 ,792.07 6,416 .65 3,919,727 .50 124,071.45 138 ,535 .05 6,515.57 1,047,600.00 195 ,986 .38 QQ 140 ,6 7 0 .80 6,616.02 1,872 ,699 .84 31 ,428 .00 142,839.47 13 ,539 .60 1' 760 ,220 .00 56 ,181.00 RR 145,041.58 6 ,926 .75 1,645 ,375.00 52 ,806 .60 1,1 07,482.03 7,033 .54 1 ' 112 ,233.54 49 ,361 .25 ss 2,082,939.70 7,141 .97 1,826 ,722.95 33 ,3 67.01 1,268 ,331.00 7 ,252 .08 1,738 ,996 .60 54,801 .69 TT 4,731 ,978.23 33 ,224 .46 52,169.90 2 ,249 ,778 . 18 104,146.99 uu 1'193, 769.99 38,049 .93 3 of 14 ww 1,1 70,807.39 186,954.91 58 ,592.67 112,488 .91 AAA 59,030 .00 35 ,813.10 1,268 ,331 .00 35,124 .22 CCC 1,2 7 5 ,053 .50 1 ,757 .78 2,481 ,428.93 1 ,770 .90 EEE 3,919 ,727.50 38,049.93 1,047 ,600 .00 38,251 .61 GGG 1,872,699.84 124,071 .45 1'760,220.00 195 ,()8 6 . 3 8 Ill 1,645,375.00 31,428.00 1' 112,233 .54 56,181.00 ALFEO & CONCEPCION VIVAS 1' 107 ,482.03 33 ,224.46 BBB 1,826,722.95 52,806.60 ALICIA & BENJAMIN TUGONAN 2,082,939.70 1,738 ,996.60 49,361 .25 AMBROSIO CANTADA II 1,268,331.00 104,146.99 ss 33 ,367 .01 AMELIA YLAGAN 4,790,789.56 54,801 .69 38 ,049.93 RR 52,169.90 186 ,954.91 n zz zz NNN , NNN-1 000, 000-1 ANGELITA CANTADA 1,268,331 .00 38,049 .93 RR ANNA GONZALES 1 ,:2:75 ,053 .50 ANNALIZA GOHUICHENG 2,481 ,428.93 38,251 .61 FFF ANTONIO GO 3,919,727.50 ANTONIO PAHATI 1,047,600 .00 124,071.45 XX AUREO PARAS 1,872,699.84 BENITO ESTACIO, JR . 1,760,22 0 .00 195,986.38 RR C. BONAV ITACOLA & M. ANOVER 1,645,375.00 CARINA BUSUEGO 1'112,233.54 31 ,428.00 ppp C. BAUTISTA 1,826,722.95 CELIA AURELLANO 1,738 ,996 .60 56,181 .00 TT 52,80 6.60 EEE 49 ,361. 25 TT 33 ,367.01 QQ 54,8 01 .69 w 52 ,169 .90 RR

CESAR MARTINEZ 5,923,711.49 296 ,185.57 EEE 5,923 ,711.49 296 ,185 . 57 5 ,92 3,711. 49 296 ,1 85.57 CHEMICAL ALLOY CORP 133 ,9 5 9.46 4, 168.08 138,935.31 4,168.08 138, 935.31 4, 168.08 QQ 10,7 53.2 5 322 .60 CHENG CHENG LEE 5,020 ,962.89 248, 624.20 RR 10 ,896 .63 326 .90 4 ,972 ,484.09 248,624.20 11 ,041 .91 331.26 CHINA BANKING CORP 4,069 ,079 .50 81 ,381 .59 ss 11,189.14 335 .67 4,069 ,079 .50 81 ,381.59 CHRISTINE BAUTISTA 275 ,472.99 11 ,338.33 340.15 5,509,459 .81 275 ,472 .99 CRISPIN LACSON 5,509 ,459. 81 TT 11 ,489 .51 344.69 D. EDGAR CABANGON 5,189.33 11 ,642.70 349 .28 259 ,466 .50 5,189 .33 DANILO ESCANO 259 ,466.50 284,677.70 uu 11 ,797.94 353.94 5,693 ,554.05 284,677 .70 DANILO FELICIANO 126,403.52 ww 11 ,955.24 358.66 2,528,070 .40 126,403.52 DAVID EMRALINO 5,693 ,554.05 106 ,873 .75 12 ,114.64 363.44 2,137,475 .00 106 ,873 .75 DAVID MAY yy 12 ,276 . 17 368.29 1,480 ,620 .00 DAVID MERCADO 2,528,070 .40 4 4 ,418.60 12.439 .85 373 .20 1,717 ,898.03 44 ,418 .60 DEXTER CO 51 ,536.94 AAA 51 ,536.94 DMC URBAN PROPERTY 2,137,475 .00 28 ,755.00 CCC 4,972,484.09 248,624.20 958 ,500.00 28 ,755.00 EDWARD DIZON 12 ,00 0 .00 EEE 2,306 ,720.86 115,336.04 240 ,000 .00 12,000 .00 EDWARD YOUNG 1,480 ,620.00 29 ,071 .87 GGG 2,633,444 03 131 ,672.20 581 ,437.40 29 ,071 .87 EDSONS HOLDING 53,937.00 1,7 97,900.00 53 ,937 .00 EDWIN TANG 1,717 ,898.03 30,690 .00 Ill 32 ,319.20 1,615 .96 1,023 ,000.00 30,690 .00 Ell JR. & A. MALAYA 4 ,069 ,079 .50 81 ,381.59 ELIZABETH ROMUALDO 95 8 ,50 0.00 3,027. 36 ww 5,509,459 .81 275 ,472 .99 60 ,547 .10 3,027 .36 EMERITO ROJAS 105,318.00 ww 2,1 06 ,360 .00 105 ,318 .00 EMRAN HOLDINGS CORP 240,000. 00 112,162 .9 2 259 ,466.50 5,189.33 2,243 ,258.30 112,162.92 48,4 20 .00 RRR 5 ,6 9 3 , 554.05 284,677.70 1,614,000 .00 48 ,420.00 581 ,437. 40 101 ,31 5.53 2,528,070.40 126,403.52 2,026 ,310.51 101,31 5.53 QQQ, sss 2,137,475 .00 106,873.75 1'797 ,900.00 22 ,34 1.40 1,480,620.00 446 ,827.75 22 ,341.40 TTT 1'717 ,898.03 44,418 .60 , 1,02 3,000 .00 51 ,536.94 4 of 14 60 ,547.10 uuu 958 ,500.00 28 ,755 .00 240,000 .00 12,000.00 2,106,360. 00 \f\N 581 ,437.40 29,071 .87 TT 1'797 ,900.00 53 ,937 .00 2,24 3,258 .30 DOD 1 ,0 2 3 ,000 .00 30 ,690.00 WNW 1,6 14,000.00 XXX 60,547.10 3,027.36 2,106,360.00 105 ,3 18 .00 2,0 26,310.51 uu 2,243 ,258.30 112,1 62.92 1,614,000 .00 48 ,420 .00 4 4 6 ,8 27.75 YYY 2, 026 ,310.51 101,315.53 llZ 487 ,792.67 24 ,389 .65 34,262.75 1,713 . 14 uu 34,776.69 1,7 38.83 35 ,298.34 1,76 4 .9 2 AAAA 35 ,827 .82 1,791 .39 zz BBBB BBB ecce ss QQ RR ss TT

ENRIQUE RESURRECCION 5,234,538.84 261 ,726.94 w 36 ,365 .23 1,818.26 5,234,538.84 261 ,726.94 ENRIQUE SUCALDITO 1,489,561 .35 44,686 .84 36 ,910 .71 1,845.54 1,489,561 .35 44,686.84 EPHRAIM & ELIEZER LIM 20 ,918.50 XX 37 ,464.37 1,873.22 20 ,918 .50 ERLINDA ESTRELLADO 418 ,370.00 185 ,068 .43 38 ,026 .34 1,901 .32 418 ,370.00 185 ,068.43 ESMERALDA EVANGELISTA 3,701 ,368.64 48 ,305.50 zz 38 ,596.72 1,929.84 3,701 ,368.64 48,305 .50 ESTHERABAD 1,610,183.40 46 ,514.10 BBB 39 ,175 .68 1,958.78 1,610 ,183.40 46 ,514 .10 ESTHER TAN 1,550 ,470.00 145,240.88 39,763.32 1,988.17 1,550,470.00 145,240 .88 EUGEEN MICHAEL SALGADO 4,841 ,362.95 DDD 40 ,359 .77 2,01 7.99 4,841,362.95 224,511 .15 EVANGELINE PABLO 4,490 ,222.94 224,511 .15 FFF 40 ,964.93 2,048.25 4,490,222 .94 43 , 557 .96 EXCELLENT MACHINERY CORP 1,451 ,931 .89 43 ,557.96 HHH 5,234,538.84 261 ,726.94 1,451 ,931 .89 1,462.06 JJJ 1,489,561 .35 44,686.84 1,462.06 48 ,735.15 AAAAAAAA 418 , 370 .00 20,918.50 48 ,735 .15 1,017.43 3,701 ,368.64 185,068.43 1,017.43 E.Z. HOUSING DEVLT 33 ,914 .40 31 ,630.50 TT 1,610 , 183 .40 48,305 .50 33 ,914 .40 31 ,630 .50 FE RAYA 1 ,102 ,275.00 91 ,341.00 TT 1,550,470.00 46,514.10 1,102,275.00 89 ,356.41 FELIX TREBOL 3,1 09 ,511 .29 4,841 ,362.95 145,240.88 2,953 ,1 59.09 37,161.07 DODD 4,490 ,222.94 224,511.15 37,161 .07 FERDINAND DE LOS REYES 1,238 ,702.40 146 ,034.44 RR 1,451 ,931 .89 43,557.96 1,238 ,702.40 100 ,836 .61 F., E. ,M.,A. ARCENAS 4,265 ,177.00 48 ,735.15 1,4{;2.06 3,361,200.40 67 ,796.74 FERNANDO & RENEE MARTINEZ , 2,259,891.45 67 ,796.74 w 2,259 ,891 .45 40 ,219.18 FIVEMED INC 40 ,219 .1 8 w 9,490 .55 284 .72 8 0 4 ,383 .33 w 9,617 09 288 .51 804,383.33 5 of 14 ss 9,745.32 292 .3 6 9,875 .26 296.26 EEEE 10 ,006.93 300.21 33,914.40 1,017.43 QQ 1' 102 ,275.00 31 ,630.50 2,953,159.09 89,356.41 RR 2 .915,077 .29 87,452.32 38,081 .80 1,904 .09 ss 1,238,702.40 37,161.07 3,361 ,200.40 100,836.61 TT 2,259 ,891.45 67 ,796 .7 4 804,383.33 40,219.18 uu 61 ,680.11 3,084 .01 62,605 .31 3 , 130 .27 QQ 63 .544.39 3,177 .22 64,497 .56 3,224 .88 AAA. FFFF 65,465 .02 3,273 .2 5 66 ,446 .99 3.322.35 zz 67 ,443 .70 3.372.19 68 ,455 .35 3.422.77 GGGG JJJ QQ TT QQ RR ss TT w XX zz BBB

FORTUNATA PAGTALUNAN 1'1 28,600.00 33 ,858 .00 DDD 69,482 .18 3,474 .11 1' 128 ,600 .00 33 ,858 .00 FRANCIS ARANETA 1,576 ,695 .00 47 ,300 .85 FFF 70,524.42 3,526.22 1,576,695.00 47 ,300.85 GABRIEL BATTUNG 19,017.45 HH H 71 ,582.28 3,579 . 11 19 ,017.45 GERALDINE ISAAC 633 ,915.00 47,941.89 JJJ 72.656 .02 3,632.80 633,915 .00 47,941 .89 GERRY ESPLANA 1,598,063.09 273 ,459.53 YY , HHHH 1 ' 128 ,600 .00 33,858.00 1,598 ,063.09 273 ,459.53 GILMORE HOLDINGS 5,469,190.60 1111 1,576 ,695 .00 47 ,300.85 5,469,190.60 GINEBRA MACALINAO 723 .93 633,915.00 19 ,017 .45 723.93 GLORIA SANTOS 24,130.85 272 ,348 .88 ss 1,598 ,063 .09 47 ,941 .89 24 ,130 .85 272 ,348 .88 GODOFREDO BANZON 5 ,446 ,977 .56 5,469 ,190.60 273 ,459.53 5,446,977 .56 GRACE GLORY GO 3,253,660.55 97 ,609.82 RR 24,130.85 3,253 ,660.55 97 ,609.82 HENRY UY 2,243 ,551 .60 112,177.58 JJJJ 5,446,977.56 723.93 2,243 ,551.60 112,177 .58 HERMES OCHOA 5 ,469 ,190 .58 273 ,459.53 XX 3,253 ,660 .55 272,348.88 5,469 , 190.58 273 ,459.53 HERMINIA ANG -ANGCO 13 ,950 ,359 .60 2,243 ,551.60 13,950 ,359.60 HERMINIO OBAR 1,358 ,610.00 58 ,510.79 ss 5,469 ,190 .58 97,609.82 1,358,610.00 58 ,510 .79 HERMINIO ORDONEZ 3,342,560.30 40 ,758.30 13 ,950,359.60 112,177.58 3,342 , 560 .30 40,758.30 HONG CHANG PHILS 1,615,638.19 140 ,386 .53 w 1,358,610.00 273 ,459.53 1,615 ,638 .19 140 ,386.53 IRIS BONIFACIO 2,003 ,385.00 48,469.15 3,342 ,560 .30 2,003 ,385.00 48 ,469.15 JACQUELINE & TERESITA SILVA 1,292,730.86 100 ,169.25 QQ 1,615 ,638 .19 58 ,510.79 1,292,730.86 100,169.25 JAIME GOSIACO 1,542,080.54 38,781 .93 GGG 2,003 ,385.00 40 ,758.30 1,542,080.54 38,781 .93 JANET VIRAY 1,819,123.12 46 ,262.42 1,292, 730.86 140,386.53 1,819,123.12 46 ,262.42 JEANETTE MACASIEB 1,973 ,210.00 54 ,573 .69 TT 1,542,080 .54 48 ,469.15 1,973 ,210.00 54,573.69 JERRIE CHANG 3,178 ,012 .80 59 ,196.30 GGG 1,819 ,123 .12 100,169.25 3,178,012.80 59,196 .30 JESUS & FRANCISCO AFABLE 5,376,610.00 95 ,340.38 1,973 ,210.00 38,781.93 5,376 ,610.00 95 ,340.38 JHOANNA VILLARAMA 268 ,830.50 XX 3 ,178 ,012 .80 46 ,262.42 268 ,830.50 JIMMY TANG 468 ,685.00 14,060 .55 QQ 5 ,376,610 .00 54,573.69 468,685.00 14,060.55 JOANNA PEREZ 3,818 ,1 00.00 190 ,905 .00 QQ 468 ,685.00 59,196.30 3,818 ,100.00 190 ,905 .00 JOHN & CORAZON SERVINIO 1,541 ,966.40 44,982.00 TT 3,818,100.00 95,340.38 1,541 ,966.40 44,982.00 J. CUA & A. DICHOSO 2,106 ,360.00 105 ,318 .00 BBB 1,541 ,966.40 268,830.50 2,106 ,360 .00 105 ,318.00 JOSEFINA MCLAREN 2,126 ,400.00 106 ,320 .00 RR 2, 106,360 .00 14,060.55 2,126,400 .00 106 ,320.00 JOSEFINA SINSIOCO 1,136 ,364 .70 34,090.94 KKKK 2, 126 ,400 .00 190 ,905 .00 1' 136,3 64 .70 34,090.94 JOYCE PAMINTUAN 5 ,363 ,445 .08 2681172 .25 1 ' 136 ,364. 70 44 ,982.00 5,363 ,445.08 268,172.25 JAMC PROPE RTY 1'1 24,239.20 56,211 .96 w 5 ,363 ,445.08 105,318.00 1' 124,239.20 56,211 .96 1,430 ,383.50 42 ,911 .51 1'1 24,239.20 106,320.00 1,430,383.50 42 ,911 .51 1' 133 ,220 .00 33 ,996 .60 RR 1,430 ,383.50 34,090.94 1' 133 ,220.00 33,996.60 17,699 .51 LLLL 1 ,133 ,220 .00 268,172.25 17 ,699 .51 353 ,990 .01 MMMM 353,990.01 56,211 .96 353 ,990.01 RR. NNNN 27 ,143.95 42,911 .51 6 of 14 0000 27 ,551 .11 33,996.60 pppp 27 ,964.38 17 ,699.51 TT 28 ,383.84 QQQQ 28.809 60 1,357 .20 RRRR 1,377.56 1,398.22 ssss 1,419.19 1,440.48 GGG QQ RR ss TT w

JUDY SO TAN 2,334,000 .00 116,700.00 XX 29 ,24175 1,462 09 2,334 ,000.00 116,700.00 KATHERINE DELOS REYES 1,239 ,595.00 37,187.85 Z2 29 ,680.37 1,484.02 1,239,595.00 ' 37,187.85 K.N. DELOS SANTOS 1,958,168.35 58,745.05 30 ,12558 1,506.28 1,958 ,168.35 KENNETH CHING 5,0 8 4 ,369 .60 BBB 30 .577.46 1.528.87 5,084 ,369.60 58 ,745 .05 KENTON SUA 254,218.48 31 .036 12 1,551 .81 254 ,218.48 LA CONSOLACION REALTY CORP 7 4 ,220 .00 1,484.40 DOD 31 ,501 .66 1,575.08 7 4, 220 .00 1,301,407 .06 31 ,974.19 1,598.71 801,407.06 1,484.40 24,042.20 FFF 2,334,0 00.00 116,700.00 2 4 ,042.20 1,239,595. 00 37,187.85 HHH 1,958, 168.35 58 ,745 .05 7 of 14 5,084,3 69.60 254,21 8.48 jjj 74,220.00 1,484.40 801,407.06 24 ,042.20 AAA 18,425 .05 18 . 145 .55 552.75 DOD 24.881 .28 544 .37 18 ,701.43 746.44 ss 18.417 .73 561 .04 25 ,254 .50 552.53 vvvv 18.981.95 757.64 uuuu 18,694 00 569.46 25 ,633.32 560.82 QQ 19,266.68 769.00 18 ,974.41 578.00 QQ 26 ,017 .82 569.23 19.555 68 780.53 QQ 19,259 03 586.67 26.408 09 577 .77 RR 19 .849 .02 792.24 19.547 .91 595.47 RR 26 ,804.21 586.44 20 ,146 .75 804.1 3 RR 19.841 13 6!14.40 27 ,206.27 595 .23 ss 20 ,448 .95 816. ~ 9 ss 20.138.75 613.47 ss 27 ,614.37 604.16 20 ,755.69 828.43 TT 20 ,440 83 622.67 28 ,028 .58 613.22 TT 21,067 .02 840.86 632.01 TT w w w XX XX XX zz " Z2 zz BBB BBB BBB DOD DOD DOD FFF

LAURA MARCUE 2,147,415.20 107 ,370 .7 6 FFF 20,747.44 622.42 2,147 ,415 .20 107,370.76 LAWRENCE SY 3,045,970.00 88 ,334.25 FFF 28.449 01 853.4 7 2,741 ,485.00 2,473 ,785 .00 123 ,689 .25 HHH 21 .383.03 641.49 2,473,785.00 82,244. 55 ,. " LIGAYA CHAN HHH 21 ,058. 65 63176 LIGAYA MGT CORP 53 ,890 .85 2,694.54 HHH 28 ,875. 75 866.2 7 53 ,890.85 123,689.25 LINEA FURNITURE 41 ,820.47 2,091 .02 JJJ 21,703 .77 651 11 41 ,820.47 LORENZO CONSTRUCTION 782,917.91 39 ,145 .90 JJJ 21, 374.53 64 1.24 2,694.54 JJJ 29 ,308.88 879.27 782 ,917.91 LOSAR OPTIC S 8,658.00 432.90 2,147 ,415.20 107 , 370 .76 2,091.02 w 2,741,485.00 82,244.55 ss 2,473,785.00 123 ,6 89.25 39 ,145.90 xxxx 53 ,890 .85 2 ,694.54 41 ,820.47 2,091 .02 QQ (2.049 ,203.60) (102,460 .18 ) 2.091 ,024.07 104 ,551.20 FFF 782 ,917.91 39 ,145 .90 33 ,720 .23 1,686 .01 TT 26 ,313.91 1,315.70 34 ,226 .03 1,711 .30 QQ 26 ,708 .62 1,335.43 QQ 34 ,739.42 1,736 .97 RR 27 ,109.25 1,355.46 RR 35 ,260 .51 1,763 .03 27 ,515.89 1,375.79 ss 35 ,789.42 1,789.47 ss 27 ,928.63 1,396.43 36 ,326 .27 1,816.31 TT 28 ,347 .56 1,417.38 TT 36,871 .16 1,843 .56 28,772 .77 1 , 4 3 8 .64 w 37,424.22 1,871 .21 w 29 ,204 .36 1,460 .22 37 ,985 .59 1 ,899 .28 XX 29 ,642.43 1,482 .12 38,555.37 1,927 .77 XX 30,087 .06 1,504.35 ll 39 , 133.70 1.956 69 30 ,538 .37 1 ,526 .92 zz 39,720 .70 1,986 .04 30,996.44 1,549.82 BBB BBB DDD DDD FFF FFF HHH HHH JJJ JJJ 8 of 14

LOURDES MACALALANG 945,900 .00 28,377.00 IJWNVW 94 5,900 .00 28,377.00 945 ,900.00 28,377. 00 LU CHING CHENG 1,317 ,336.27 39 ,520 .09 TT 1,317,336.27 39,520.09 1,317,336.27 39 ,520 .09 MILAGROS MAGSAJO 1,878 ,933.43 1,878,933.43 56 ,368 .00 1,878,933.43 56,368 .00 56 ,368 .00 zz MCCONRI CONS ULTING 3,445 ,830.00 103,374.90 DODD, EEEEE 3 ,445 ,830 .00 103 ,3 7 4.90 3,445 ,830 .00 103 , 374 .9 0 MAMA SITA HOLDINGS 5,2 32,679.17 26 1, 633 . 96 5,232,679 .17 261 ,633 .96 5 ,232 ,679 . 17 26 1 ,6 33.9 6 QQ 5.128.025 .58 256.401 .28 uu 104,653 .59 5,232.68 MARCELO CALACDAY 4,844, 675.56 242,233 .7 8 TT 4,844,675 .56 242,233.78 4,844,675 .56 242 ,2 33.78 MARCELO & LUTGARDA LEE 1,7 5 7 ,4 1 5 .00 52,722.45 1,757 ,415 .00 52,722.45 1,757 ,415 .00 52,7 22.45 ccccc MARIANO LIM 1,715 ,610.00 51 ,468.30 TT 1,715 ,610 .00 51,468.30 1,715 ,610 .00 51 ,468 .30 MARINETTE LIM & HELEN CO 3,7 66 ,316.24 188,315.81 QQ 3,766 ,316.24 188 ,315 .81 3,766 ,316.24 188,31 5.81 MARIVIC SARMIENTO 1,821 ,615.20 54,648.46 RR 1,821 ,615.20 54,648 .46 1,821 ,615.20 54 ,648.4 6 MARY ANN CUSI 2,013 ,171 .95 100,658.60 BBBBB 2 ,0 13 ,171.95 100,658.60 2,013 ,171 .95 100 ,658.60 MARYLOU TOLE NTINO 5,641,298.50 282 ,064.93 AAAAA 5,641 ,298.50 282 ,0 6 4.93 5,641 ,298.50 282 ,064.93 MERCEDES J AIME 2,236 ,575.00 57,118.20 ZZZZ. FFFFF 2,236 ,575 .00 57 ,118.20 2,236 ,575 .00 57,1 18.20 MICHAEL GO 5,070 ,009.30 5 ,070 ,009 .30 253 ,500.47 5,070 ,009.30 253 ,500.47 253 ,500.47 ss MILLA REALTY CORP 1 ,386 ,203 .57 69 ,310 .19 1,386,203.57 69,310.19 1 ,386 ,203.57 69,310.1 9 QQ 44.445 .03 2,222.25 QQ 61 ,849.05 3 ,092.45 RR 45 ,111 .70 2,255 .59 RR 62 ,776.79 3 , 138 .84 ss 45 ,788 .38 2 ,289.42 ss 63.718.44 3.185 .92 TT 46.475.20 2,323.76 TT 64 ,674 .22 3 ,233 .71 w 47 .172.33 2 ,358 .62 w 65,644 .33 3,282.22 XX 47 ,879.91 2 , 394 .0 0 XX 66 ,628 .99 3,331 .45 zz 48 .598.11 2.429.91 .., zz 67 ,628.43 3,381.42 BBB 49 ,327 09 2,466.35 ' BBB 68 ,642 .86 3,432 .14 DOD 50,067 .00 2 ,503 .35 DOD 69 ,67250 3,483 .63 FFF 50 ,818 .00 2.540 .9 0 FFF 70 ,717 .59 3 ,535 .88 HHH 51 ,580.27 2 ,579 .01 HHH 71 ,778.35 3 ,588 .92 JJJ 52.353 97 2,617 .70 JJJ 72 ,855.03 3,642.75 9 of 14

MIRIAM PENA 204 ,176 .50 4,083.53 GGGGG 204,176.50 4 ,083.53 204,1 76.50 4,083.53 MITSUO SATO 1,870,687.47 56,120.62 QQ 1,870,687 .47 1,870,687.47 56,120 .62 NENA CARMELINA DE ASIS 4,047,950.00 202,397.50 QQ 4 ,047,950.00 56 ,120.62 4 ,047 ,950 .00 202 ,3 97 .50 NE INC. 3,023,746.48 151 ,187.32 3,023 ,746.43 3,023,746 .43 151,187.32 QQ 2,426 ,269.78 202,397.50 OLIVIA & MIGUEL PADILLA 1,963,684.80 58,910.54 RR 1'96 3,684.80 58 ,910 .5 4 OSCAR VILLARUZ 1,480,142.40 44 ,4 0 4 .27 48 ,995.24 151 ,187.34 1 ,480,142.40 44 ,404 .27 P.P. STELLA 1,445 ,548.20 43 ,366.45 ss 49 ,995.56 1,445,548.20 43,366 .45 PAULINO PETRALBA 1,279 ,692.26 38 ,390.77 51 ,016 .30 121 ,313.49 1,279,692.26 38 ,390 .77 PERFECTO QUICHO 2,302 ,084.08 115 ,104.20 TT 52 ,057 .89 2,302,084.08 115,104.20 PETER GO 2,340,030.00 117,001 .50 53 , 120 .73 2,449.76 2 ,340 ,030.00 117,001 .50 OPERARIO 2,340 ,030 .00 117,001 .50 uu 54 ,205 .28 2,340,030.00 117,001 .50 RAMON DEE 4,078 ,259.75 203 ,912.99 ww 55,311 .97 2,499.78 1,078 ,259 .7 5 203 ,912.99 RAMON VALENZUELA 19 ,017.45 56,441 .26 19,017.45 RMM CROWN PROPERTIES 633 ,915.00 41 ,270.33 yy 57,593 .60 2,550.82 633 ,915.0 0 41,270.33 825 ,406 .77 58 ,769.47 825 ,406.77 ROBERT LEE 48,231.00 AAA 59.969 .35 2,602.89 48 ,231.00 ROBERTO CRUZ 1,607,700.00 28,782.00 CCC 1,963 ,684 .80 1,607,700.00 28 ,782.00 ROGELIO TENG 959,400.00 400,000.00 EEE 1,480 ,142.40 2,656.04 959 ,400 .00 400 ,000 .00 ROKASA REALTY 13,725 .80 GGG 1,445 ,548.20 13,725 .80 8 ,000 ,000 .00 1,279,692.26 2,710.28 8,000 ,000 .00 438,7 37.85 Ill 2,302,084.08 457,528 .35 10 of 14 HHHHH 2,340 ,030 .00 2 ,765 .60 2,340 ,030.00 QQ 1,078,259. 75 2,822.06 633 ,915.00 w 825 ,406 .77 2,879.68 w 227 ,119.48 598 ,287 .29 2,938.47 zz 1,607 ,700.00 959 ,400 .00 2,998.47 Ill 8,000 ,000 .00 CCC , IIIII 457 ,528.35 58,910.54 17 ,70 6 .94 FFF 17. 376.18 4 4 ,4 0 4.27 17 ,972 . 54 ss 17 ,6 36 .8 2 43 ,366.45 18,242 .1 3 RR 17,901 .38 38 ,390.77 18 .51576 BBB 18 , 169.90 115,104.20 18 ,793.50 JJJJJ 117,001 .50 CCC TT 117,001 .50 QQ 203 ,912.99 QQ RR 19,017.45 RR 41,270.33 ss ss 11 ,355.97 TT 29 ,914.36 TT 48,231.00 w 28 ,782.00 , 400 ,000.00 13 ,725.80 531 .21 521 .29 539.18 529.10 547 .26 537 .04 555.47 545.10 563.81

ROSALIE LIM 1,770,955.00 53,128.65 w 18,442.44 553 27 1'770 ,955.00 53,128.65 ROSE ISHAK 3,324,483.54 99 ,734.51 19 ,075.4 0 572.26 3,324,483.54 99 ,7 3 4 .51 ROSTONE REALTY 47 ,735.65 XX 18,719 .08 561 .57 47 ,735.65 954,712.93 XX 19,361 .53 580.85 954 ,712.93 ROY ROSALES 106 ,410 .00 18 ,999 .87 570 .00 106 ,4 10 .00 RSN REALTY CORP 2,128,200.00 26,189.29 zz 19,651 .96 589 .56 2,1 28 ,200.00 26 ,189.29 523 ,7 85 .88 zz 19 ,284 .87 578 55 523 ,78 5.80 19 ,948 .73 598.40 11 of 14 888 19.574 .14 58 7. 22 888 20 ,245.94 607 .38 ODD 19.867 .75 596 .03 DOD 20 ,549.62 616.49 FFF 20 ,165.77 604.97 FFF 20 ,857.85 625.74 HHH 20 ,468 .25 614 .05 HHH 1,770,955.00 53,128.65 JJJ 3,324,483.54 99 ,734.51 JJJ 1,052 ,241.12 52 ,1 12.06 KKKKK 73 ,207 .38 3,660.37 74 ,305.49 3 ,715 .27 ss 75,420 .08 3,771 .00 76 ,551 .38 3 ,827 .57 QQ 77 ,699 .64 3,884.98 RR 78 ,865.14 3,943.26 80 ,048 .12 4 ,002.41 ss 81 ,248.84 4 ,062.44 82.467 .58 4,123 .38 TT 93 ,704.56 4 ,185 .23 84 ,960 . 15 4 .248 .01 w 86 ,234 .55 4,311.73 87 ,528.21 4,376.41 XX 2 , 128.~00.00 106,410.00 523 ,785 .80 26,189.29 zz 74 ,133.60 3,706 .68 37 ,902.91 1,895 .15 888 38,471 46 1,923 .57 DOD 26,426 .27 1,321 .31 FFF 174,762 .17 8,738 . 11 HHH 42 ,066 .35 2,103.32 JJJ 86 ,035 .16 4,301 .76 RR 43 ,987 .88 2.199.39 yy QQ RR ss zz 888 DOD HHH JJJ

RUNGRUANG LIACHOOPATIPA 1,026 ,000 .00 30,780.00 LLLLL 1,026,000.00 30 ,780 .00 1,026 ,000.00 30 ,7 80 .00 SALLENCY HOMO 5,633,343.60 281 ,667.18 281 ,667.18 5 ,633 ,343 .60 281 ,667.18 SAMSON KEH 4,991 ,877.20 249 ,593 .86 MM MMM 5 ,633 ,343.60 249 ,593.86 4,991 ,877.20 249 ,593.86 SHEN HER REALTY CORP 1,780,145.87 NNNNN 1,780 ,145.87 53 ,404 .38 SISO LAO & JULIET CHAN 5,681 ,933.28 53,404.38 4,991 ,877.20 53 ,404.38 5,681 ,933.28 284,096.66 SPS. NARTATEZ 1,335,365.00 284,096 .66 ss 284,096.66 1,335 ,365 .00 40,060.95 SPS TORRES 1,784,156.78 1,780 ,145.87 40 ,060 .95 1,784,156.78 53 ,524.70 SPS CO 2,111 ,815.06 40 ,060 .95 AAA 2,111,815.06 105 ,590.75 SPS QUIBILAN 53,524.70 ODD 5,681 ,933.28 53 ,524.70 SPS TAGORIO 125,622.50 105,590.75 105,590.75 125,622.50 2,512.45 SPS TIOSECO 332,336.60 ss 1,335 ,365 .00 332 ,336 .60 16 ,616 .83 SPS SANTIAGO 5 ,675,865 .36 2,512.45 2,512.45 5 ,675 ,865 .36 283 ,793.27 SPS CHEN 1 ' 133,220 .00 16,616 .83 RR 1,784,156.78 16,616.83 1' 133 ,220 .00 33 ,996 .60 SPS LAPERAL 5,672,261 .31 283 ,793 .27 00000 283 ,793.27 5,672,261 .31 283 ,613.07 SPS TAN 2,127,735.00 33 ,996 .60 ppppp 2,111 ,815.06 33 ,996 .60 2 ,127,735 .00 106 ,386 .75 SPS AFABLE 1,623 ,127.25 283 ,613 .07 283 ,613.07 1 ,623 ,127 .25 48 ,693.82 SPS CUEVO 1,863,000.00 106 ,386 .7 5 RR 125,622 .50 106,386.75 1,863,000.00 55 ,890 .00 SPS FRIAS 5,742 ,379.40 48 ,693 .82 48 ,693.82 5 ,742 ,379 .40 287 ,118 .97 3,371 ,490.00 55 ,890 .00 GGG 332 , 336 .60 55,890.00 3,371 ,490.00 168 ,5 7 4.50 SPS SO 287 ,118.97 GGG 287 ,118.97 SPS MANEBO 2,151 ,096.00 168,574.50 QQQQQ 5 ,675 ,865 .36 168 ,574 .50 2,151 ,096.00 107,554.80 SPS MANALOTO 3,295 ,170.00 168 ,574 .50 3,295,170.00 164 ,758.50 SPS REBANAL 4,957 ,342.43 107 ,554.80 RRRR R 1 ' 133,220 .00 (168,574.50) 4,957,342.43 247,867.12 SPS ONG 3,290 ,515.19 164,758 .50 107 ,554.80 3 ,290 ,515 .19 164,525.76 SPS DEL CARMEN 7 ,115,600 .00 247,867.12 sssss 5,672 ,26 1.31 164,758.50 7 , 115,600 .00 355,780.00 SPS TIU 5,517,590.98 164 ,525 .76 247,867.12 5,517 ,590 .98 275 ,879.55 SPS LAUREL 6,758 ,575.15 355 ,780 .00 TTTTT 2 ,127 ,735 .00 164,525.76 6,758 ,575.15 336 ,928 .76 SPS DOMINGUEZ 1 ,420 ,009.21 275 ,879.55 BBB 355 ,780 .00 1,420 ,009.21 42 ,600 .28 SPS TAYLOR 3,871 ,811 .25 336 ,928 .76 1,623 ,127.25 275 ,879.55 3,871 ,811 .25 193 ,590 .56 SPS TOBIAS 3 ,070 ,107. 7 8 uuuuu 336 ,928.76 3,070 ,107 .78 153 ,505.39 SPS SEE 42 ,600 .28 1,863,000.00 42 ,600 .28 SPS CRUZ 68,211 .00 193 ,590 . 56 DOD 193 ,590. 56 68 ,211 .00 3,410.55 SPS CASTANEDA 3 ,604 ,185 .00 153 ,505 . 39 RR 5 ,742 , 379 .40 153 ,505.39 3,604 ,185 .00 180,209.25 SPS LEE 1,281 ,934.56 TT 1,281 ,934.56 SUSAN DELA CRUZ 1 ' 1 7 2 ,259 .40 3,410.55 3,371 ,490.00 3,410.55 1'1 72,259.40 38,458.04 SUZETTE CONOL 8,114,050.00 180,209.25 1/\f\/\N 180,209.25 8,114,050.00 58 ,612 .97 SYLVIAN SINJ IAN 1 ' 766 ,072 .70 3,371,490.00 1,766 ,072.70 405,702.50 T. & D. JARANTILLA, C. TIROL 1,026,000 .00 38 ,458 .04 QQ 38,458.04 1,026 ,000.00 52 ,982 .18 VICENTE TIONKO 1,300 ,547 .50 58,612.97 (3,371 ,490.00) 58,612.97 1,300 ,547.50 30,780.00 VICTOR TOBIAS 2, 556 , 360 .00 405 ,702 .50 ss 405 ,702.50 2,556,360.00 38 ,245 .50 1,023 ,000.00 52,982.18 2,151 ,096.00 52,982.1 8 1,023,000.00 127 ,818 .00 1,352,344.90 30,780.00 yyyyy 30,780.00 1,352 ,344 .90 30,690.00 38,245.50 3,295 ,170.00 38,245.50 40 ,570.35 127 ,818 .00 RR 127 ,818 .00 30 ,690.00 DOD 4,957 ,342.43 30 ,690.00 12 of 14 40,570.35 yy 40 ,570 .35 3 ,290 ,515 .19 RR V\f\11/\NWW 7' 115,600.00 BBBBBB 5,517 ,590 .98 XX 6,758 ,575.15 xxxxx zzzzz 1,420 ,009.21 AAAAAA 3,871 ,811 .25 yy 3,070 ,107.78 BBB. UUUU , 68,211.00 zz 3,604,185.00 RR, EEE EEE 1,281 ,934.56 QQ 1' 172,259.40 8,114,050.00 1'766,072. 70 1,026 ,000.00 1, 300 ,547 .50 2 ,556 ,360 .00 1,023 ,000.00 1,352,344.90

VICTORIA AQUA SPS. CORP 2,067.24 62.02 QQ 2,067 .24 62 .02 2,067.24 62.02 VICTORIA AQUA SPS. CORP 792,895.33 23 ,786.86 792,895.33 23 ,786.86 792,895.33 23 ,7 8 6 . 8 6 VIRGILIO CALAGUAS 6,675 ,059.23 333,752.96 cccccc 6,675 ,059.23 333 ,752.96 6,675,059.23 333,752.96 VISUAL MIX, INC. 498,332.20 24,916 .63 w 498 ,332.20 2 4 ,916 .63 498,332.20 24,916.63 WANG CHANG SUTSU 2,620,768.17 78,623 .05 QQ 38 ,212 . 12 1,910 .61 2,620 ,768.17 78 ,623.05 WELMANVILLE DEVT CORP 240,088.17 7,202.65 RR 38 ,785 .30 1,939.27 240 ,088 .37 7 ,202 .65 39,367 .08 1,968.35 WERCO HOLDINGS CORP 688,678.27 28 ,4 2 6 . 3 0 ss 39 ,957 .58 1,997.88 688 ,678 .27 28,426.30 4 0 ,556 .95 2,027.85 TT 41 ,165.30 2 ,058 .27 13 of 14 41 ,782.78 2,089.14 w 42,409 .52 2 ,120.48 43,045 .67 2,152.28 XX 43,691 .35 2 ,184 .57 44 ,346.72 2 ,217 .34 zz 45.011 .83 2,250.59 2,620, 768.17 78,623 .05 BBB 240,088.37 7,202.65 18,409 .96 DDD 18,686.11 552.30 FFF 18 ,966.40 560.58 HHH 19 ,250 .90 568.99 JJJ 19 ,539 .66 577.53 TT 19 ,832 .75 586 .19 20 ,130.25 594 .98 QQ 20,432 .20 603 .91 RR 20 ,738 .8 8 612 .97 21 ,049 .76 622.16 ss 21 ,365.51 631.49 21 ,685 .99 640.97 TT 688 ,678.27 650.58 , 27,564.44 28 ,426.30 w 21 ,323.45 1,378.22 56 ,375.49 639 .70 XX 43 ,611 .25 2 ,818 .77 28 ,823.54 1,308 .34 zz 22 ,297.47 1,441 .18 86 ,159.1 9 668 .92 BBB 66 ,651 .50 4 ,307 .96 31 ,755.12 1,999 .55 DDD 24 ,565.29 1,587.76 FFF 736 .96 HHH JJJ QQ QQ RR RR ss ss w w XX XX

BBB 6 1, 64338 3,082.17 47 ,686.42 1,430.59 BBB 31 .516.90 1,575.85 24 ,381 .01 DOD 31 ,989.66 731.43 24 ,746.73 1,599.48 DOD 32 ,469 . 50 25 ,117.93 742.40 FF F 1,643 ,446 .33 1,623.48 6,890,740.00 FF F 1,1 41 ,140.00 753.54 2,468 ,984.65 49 ,303.39 HHH 2,602, 713.70 344,537.00 34,664.94 34,234.20 HHH 2.041 ,380.00 116,506.50 121,192.51 WINEFREDA MADARANG 1 ,643 ,446 .33 49 ,303.39 0 00 0 00 1,643 ,446 .33 49 ,303.39 YELLOW BUS LINES 6 ,890 ,740 .00 1,039.95 6,890 ,740 .00 344 ,537 .00 Y. MANALOTO & R. VILLAREAL 1,141 ,140.00 344 ,537 .00 J1 1 102,069.00 1,141 ,140.00 YUAN CHENG-YI 2,468 ,984.65 2,468 ,984.65 34,234.20 YUAN HSUEH-HUA 2 ,602 ,713.70 34,234.20 EE E 19,921 ,203.47 p 2 ,602 ,713 .70 116,506.5 0 ZARA CORP 121 ,192.51 ZOSIMO CARDENAS 34,664.94 116,506.50 W\N, FFFFFF 23,763 ,446.35 p 34,664.94 2,041 ,380.00 2,041,380.00 1,039 .95 121 ,192.51 W\N , GGGGGG 102,069 .00 468,838,310.23 p 1,039 .95 zz 19 ,914,778 .81 545,164,935.20 p 102,069 .00 Ill 23,732 ,301.89 SUBTOTAL p 473 ,795 ,305.74 p 19,968 ,483.83 p 468,976,803.34 p 285 ,348.02 TOTAL p 569,704,021 .74 p 24,763 ,920.03 p 545 ,824,977.71 p 23,446 ,953.87 LESS: CREDITABLE TAXES WITHHELD WHICH INCOME WAS NOT DECLARED IN PETITIONER'S ITR TOTAL ALLOWABLE CREDITABLE WITHHOLDING TAX p ,, , 14 of 14