BIR Ruling No. 489-2017

REPUBLICGF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

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Certificate of Tax Exemption No: ... ?

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

of 4 ycars beginning from August 2010 or actual start of commercial operations/selling. Codc of 1987" and Section 2.57.5 (B) (2) of Revenuc Regulations (RR) No. 2-98. as amended. Identification Number (TIN) withholding tax on its income received directly in connection with its low-cost housing project. Deca Homes Mactan 4 Subdivision -- Bangkal, Lapu-Lapu City, Cebu. consisting of 1,248 housing units located at Bangkal. Lapu-Lapu, Cebu City. a project duly registered with the Board of Investments (BOI) under Registration Nc whichever is eariier, 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 Investments This certifics that 8990 HOUSING DEVELOPMENT CORPORATlON. with Tax is exempt from income tax and creditable dated July +3. 2010. for a period

below, or housc and lot and other residential dwellings vatued at P3. 199.200.00 and helow, is VAT-exempt under Section 109(1)(P) of the National Internat Revenue Code of 1997. as amended. Moreover. the sale by the Company of residentiat lot valued at P1.919.500.00 and

The Company is liable, however, for all other applicable taxes not discussed above. applicablc 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

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

Issucd this day of_OCl 19 2017

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-K-1-YDPM!1.MAT Commissioner of internat Revenue CAESAR R. DULAY B 010044