BIR Ruling No. 328-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No: 328-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Brgys. Majada and Sirang Lupa, Calamba City, Laguna, a project duly registered with the Investments Code of 1987" and Section 2.57.5 (B) (2) of Revenue Regulations (RR) No. 2-98, in connection with its project, Gran Avila Phase 1A and 3, consisting of 365 units located at period' of 3 years beginning from September 2016 or actual start of commercial operations/ Board of Investments (BOI) under Registration No. 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 as amended. is exempt from income tax and creditable withholding tax on its income received directly This certifies that STATELAND, INC., with Tax Identification Number dated September 13, 2016, for a

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

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

Issued this. day of MAR 0 7 2018

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K1-FR-16-2017 LK-I-LMAT Commissioner of Internal Reven CAESAR R. DULAY 014078