BIR Ruling No. 662-2017

RFHUJBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

JPP Quezon City

Certificate of Tax Exemption No: 6:2-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

registered with the Housing and Land Use Regulatory Board (HLURB) under Certificate of of 495 housing units, located at Brgy. San Antonio, Sto. Tomas, Batangas, a project duly added tax (VAT) pursuant to Section 20 of Republic Act (RA) No. 7279 and Section 109(1)(P) of the Tax Code of 1997, as amended. on its income received directly in connection with its sale of socialized housing units to qualified beneficiaries in Le Moubreza Phase 1, consisting house and lot package does not exceed P400.000.002. Registration No. This certifies that AXEIA DEVELOPMENT CORP., with Tax Identification Number is exempt from income tax, creditable withholding tax (CWT) and value- and License to Sell No. provided that the selling price per

covered by the tax exemption clause in Section 20 of RA No. 7279. Such being the case, the market value determined in accordance with Section 6 (E) of the same Code, whichever is 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 amended, based on the consideration contracted to be paid for such realties or on their fair higher. Nonetheless, it is observed 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, to all other applicable taxes not enumerated above. 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-nFC_2.0 2017

ew

K-1 Commissioner of Internal Revenue CAESAR R. DULAY 011949

2 Per License to Sell No ' Amended License to Sell No. Jated March 5, 2012.

AXEIA DEVELOPMENT CORP. Page 2 of 2 Date issued CTE No. 6622017 1220m2017

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

1 The exemption from income, creditable withholding taxes and VAT covers only income directly attributable to the revenues generated from the 495 socialized housing lots/ units in Le Batangas. Moubreza Phase 1, consisting of 495 units. located at Brgy. San Antonio, Sto. Tomas.

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. I1-97 to the BIR during thc 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 exceed P400.000.00.

The fotlowing lots are non-saleable, to wit:

Block No. 23 20 21 22 10 I 14 18 1 9 5 23,25.27.33,35.37.39,41.43.45 & 47 3 to 11, 14 to 21, 24 to 31. 62, 63 & 65 I,2,28,29,38,39 & 40 2,4,7 to 9 Lot No. 3,4& 6 3& 4 3&4 3&4 3 to 7 2 & 5 59 E

S The compliance of the project to RA No. 7279 consists of forty-five (45) iots/units, to wit: lots 4 to 20, 25 to 40 and 45 to 56, all of Block 22.