BIR Ruling No. 260-2018

BUREAU OF INTERNALREVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: 2602018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

CORPORATION, with Tax Identification Number ThiscertifiesthatHAPPY LIVINGREALTYAND DEVELOPMENT is exempt from income

a project duly registered with the Housing and Land Use Regulatory Board (HLURB) under III, consisting of 133 units, located at Purok 2, Brgy. San Felipe, Tantangan, South Cotabato, Certificate of Registration No. Republic Act (RA) No. 7279 on its income received directly in connection with its sale of socialized housing units to qualified beneficiaries in Southwind Estate Subdivision - Phase tax, creditable withholding tax (CWT) and value-added tax (VAT) pursuant to Section 20 of and License to Sell No

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 market value determined in accordance with Section 6 (E) of the same Code, whichever is higher. amended, based on the consideration contracted to be paid for such realties or on their fair Nonetheless, it is observed that documentary stamp tax (DST) is not one of the taxes

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

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_FEB 2_2_2018

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Commissioner of Internal Revenue CAESAR R.DULAY 013351

K-1-JAC