BIR Ruling No. 334-2018

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

Certificate of Tax Exemption No: 334 -2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

case earlier than the date of registration of the project with the BOI, pursuant to Executive 2.57.5 (B)(2) of Revenue Regulations No. 2-98, as amended. withholding tax on its income received directly in connection with its economic and low-cost housing project, Villa Zaragosa Phase II, consisting of 1,838 units located at Brgy. Turo. Identification Number Bocaue, Bulacan, a project duly registered with the Board of Investments (BOI) under October 2017 or actual start of commercial operations/selling, whichever is earlier, but in no Order No. 226, otherwise known as the "Omnibus Investments Code of 1987" and Section Registration No. This certifies that THE NEW APEC DEVELOPMENT CORPORATION, with Tax dated October 26, 2017, for a period of 3 years beginning from is exempt from income tax and creditable

below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109(1)(P) of the 1997 Tax Code, as amended. Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

appiicable 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 ofh&? t 7 2018

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CAESAR R. DULAY Commissioner of Internal Revenue Wi* 014 0 9 0

K-1-JAC