BIR Ruling No. 426-2022

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE

Certificate of Tax Exemption No: BOI-LEH-.428-Z0Z2

CERTIFICATE OF TAX EXEMPTION TO ALL WHOM IT MAY CONCERN:

August 2,2022, for a period of 3 years beginning from August 2022 or actual start of PAGSIBOL VILLAGE SOUTH -CATMON - Brgy. Catmon, Sta. Maria,Bulacan consisting of 742 house and lot units used solely for family home or dwelling purposes, located at Brgy. Catmon, Sta. Maria, Bulacan,a project duly registered with the Board of commercial operations/selling, whichever is earlier, but in no case earlier than the date of registration of the project with the BOI, pursuant to Executive Order (EO) No. 226, otherwise known as the "Omnibus Investments Code of 1987" and Section 2.57.5B) (2) of Revenue Regulations (RR) No. 2-98, as amended. Investments BOD under Certificate of RegistrationCORNo. income received directly in connection with its economic and low-cost housing project (TIN) This certifies that RAEMULAN LANDS, INC., with Taxpayer Identification Number 0, is exempt from income tax and creditabie withholding tax on its dated

shall only apply to sale of house and lot and other residential dwellings P3,199,200.002 below, or house and lot and other residentiai dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109(1)P) of the National Internal Revenue Code (Tax Codeof 1997, as amended. Provided, however, that beginning January 01, 2021, the VAT exemption Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and valued at

purposes such as leasing, retail stores,offices, etc. shall be subject to the payment of registeredwith the BOI, if any, including those house and lot units used for commercial appropriate taxes under the Tax Code of 1997, as amended. However, the sale of house and lot units in excess of the 742 house and lot units

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. applicable 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. This Certificate of Tax Exemption is being issued on the basis of the facts and Issued this. The grant of tax exemption herein is subject to the compliance with the provisions of day of NOV 1 1 2022

K-1-MDT Commissioner of Internal Revenue LILIA CATRIS GUILLERMO 4aul 002407

Sale ofotoy regardess of the priceshall be suject toVAT starting January 1,202pursuant to RANo.10963. 2 As adjusted using the 2010 Consumer Price Index values pursuant to RR No. 8-2021 dated June 11, 2021.