BIR Ruling No. 430-2022

BUREAU OF INTERNAL REVENUE REPUBLICOF TPIE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: PSH-430-202Z

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

Regulatory Board (HLURB)3 under Certificate of Registration No.oro and License to Sell connection with its sale of socialized house and lot units to qualified beneficiaries in Lynville na Bayan Lemery, Batangas, a project duly registered with the Housing and Land Use No. o. is exempt from income tax and creditable withholding tax (CWT) pursuant to Section 20 (d Residences Lemery,consisting of 5112 socialized house and lot units,located at Brgy.Mataas 1of RepublicAct RA No.7279,as amendedby RA No.10884Balanced Housing Development Program Amendments dated July 17,2016,on its income received directly in This certifies that LYNVILLE REALTY &DEVELOPMENT CORPORATION

residential dwellings4 with selling price of not more than P3,199,200.00.5 below,or house and lot and other residentiai dwellings valued at P3,199,200.00 and below, is 01,2021,the exemption from VAT shall only. apply to sale of house and lot and other exempt from value-added tax VAT pursuant to Section 1091Pof the National Internal Revehue Code (Tax Code) of 1997,as amended. Provided, however, that beginning January Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

their fair market value determined in accordance with Section 6 E of the same Code, of 1997, as amended, based on the consideration contracted to be paid for such realties or on 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 conveying the properties shall be subject toDST imposed under Section 196 of 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 This Certificate of Tax Exemption is being issued on the basis of the facts and

Issued this day of NOV 1 1 2022

+Sale of lot only, regardless of the price shall be subject toVAT starting January O1, 2021 pursuant to RA No. 10963. As adjusted using the 2010 Consumer Price indexvalues pursuant to Revenue RegulationsRRNo. 8-2021 dated June 11, Now: Department of Human Settlements and Urban Development (DHSUD) 2 Out of the total'511 house and lot units,139 house and lot units shall not be sold for more than P450,000.00 per unitwhile Now: Lynville Land Development Corp. K-1 the 372 house and lot units enumerated, identified and stated at the back hereof shall not be sold for more than P480,000.00 2021. per unit. Commissioner of Internal Revenue LILIA CATRIS GUILLERMO Chala c 002414

HELAOWNNSHMNHET AECENREN HooachT

(Lyville Residences Lemery Ale issued NOVZU

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

1. The exemption from income tax and creditable withholding tax covers only income directly

attributable to the revenues generated from the 511 socialized house and lot units in Lynville Residences Lemery located at Brgy. Mataas na Bayan, Lemery, Batangas.

2.The developer shall submit the sworn statement of the buyer that he is eligible as a socialized housing

beneficiary under Section 5 (A of Revenue Regulations (RR No. 11-97 to the BIR during the processing of the Certificate Authorizing Registration (CAR for the transfer of the title 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 Officer (RDO) concerned that, considering the rules on valuation of real property, the actual selling price per sale transaction of the socialized house and lot packages in this case does not really exceedP450,000.00 on the 139 house and lot units and P480,000.00 on the 372 house and lot units.

4. The following socialized house and/or lot units are to be sold with maximum selling price of

P480,000.00 per unit per DHSUDs letter dated April 16,2019 granting the upgrading of selling price from P450,000.00 to P480,000.00:

Block 12 10 1 11 13 4 9 14 1 C 11,13 to 16; 19 to 26;35 to 37;39;41;43;45;47 to 57 5; 7; 9; 11; 13 to 27; 33; 35 to 45; 47 to 55 10; 12 to 27;33;35 to 49;52;54: 56 67 to 73;76 to 87;90 to 103 3 to 28; 33 to 56; 58 3 to 26;31 to 56 2 to 13;16&17 3 to 27;29 3 to 32 3 to 32 3 to.33 Lot Units 3 3 50 30 31 36 40 1 30 26 14

Total 3

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