BIR Ruling No. 329-2018

REPUBLIC OF THE PHILIPPINES

0A BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

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Certificate of Tax Exemption No: 329-2018

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Identification Number qualified beneficiaries in Harmony Hills Subdivisions 1 and 2, consisting of 151 housing unitst, located at San Jose Del Monte City, Bulacan, a project duly certified by the Housing tax (CWT) and value-added tax (VAT) pursuant to Section 20 of Republic Act (RA) No. 7279 on its income received directly in connection with its sale of socialized housing units to and Land Use Regulatory Board (HLURB) as a socialized housing in its Certification dated April 16, 2012. This certifies that NORTH LUZON RAILWAYS CORPORATION, with Tax is exempt from income tax, creditable withholding

covered by the tax exemption clause in Section 20 of RA No. 7279. Such being the case, the owner/project developer/seller shall be liabie 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. market value determined in accordance with Section 6 (E) of the same Code, whichever is Nonetheless, it is observed that documentary stamp tax (DST) is not one of the taxes

that the selling'price thereof does not exceed P1,919,500.00 for residential lot, and P3,199,200.00 for house and lot, pursuant to Section 109(1)(P) of the 1997 Tax Code, as amended. Moreover, the sale of the 151 socialized housing units is exempt from VAT provided

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. The grant of tax exemption herein is'subiect 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 MAR 0 7 2018

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K-1 Commissioner of Internal Revenue CAESAR R. DULAY 014083

1 For distribution/sale to the 149 qualified beneficiaries listed in Annex "A" hereof.

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NORTH LUZON RAILWAYS CORPORATION r A HARMONY HILLS HOUSING UNITS MASTERLIST OF QUALIFIED BENEFICIARIES

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S 65 1 3 68 69 12 74 7S 66 10 61 62 63 G 6 4 49 52 56 57 60 37 44 50 51 53 54 SS 59 45 46 48 26 29 32 35 36 38 3 41 42 43 19 30 31 33 3 12 13 14 15 16 18 20 21 22 23 24 25 2 28 11 17 10 8 0 2 C 6 [REYES IMATABANG DELA CRUZ DELA CrUZ DELA CRUZ [PILON PILON LIANG ALDUESO VALDEZ GACUTNO TICAR IBINUYA ARENAS JABELLO LISING PAMINTUAN CASILLA DOMASIAN AVILA DELA PAZ MARIANO PAMINTUAN PAMINTUAN CATUBIG [PITALLANA GUERRERO LISING VASQUEZ SORIANO PASIONA ROSQUITES FERNANDEZ Yu MENDOZA PAPIN PEREZ PEREZ MACANAS RUADO GERVAS MENDOZA TAMAYO LIRIO [GARCIA [GARCIA DE LEON LOPEZ VINUYA LLOBRERA DOMASIAN DE GUZMAN IRLANDEZ PILON BATAC CONTAD DETABLAN LEONCIO MONGADO DE LEON SANTOS REYES VINUYA AVENION BEBAT LM MACALLA CAMBE MOHAMMAD FIEL FRANCIA TICAR SANTOS MARTIN ANDRADE [Desiree [Rolando [Egmedio Angelito Noe Rory Teofilo Sr. Wilfredo Sr. Herminihildo Nelson [Enrico Salvador Benjamin] Carmelita Alfredo Diosdado Jr. [Domingo Miguel Pedro Jr. Rodolfa Ricardo Jaime Arthur Maro Elizalde Rolando Rolando Eusebio [Frederica] Roden Leonardo Rodolfa Carmelita Daniel {Romeo Celso Adolfo Armando Rizaldy Jose Melanie Pablo Jessica Arturo Roberto Godofredo Rodolfo Renato Bernardo Joe Arturo Rodelio] Robert Rogelio Danilo Leonardo Bemard] {[Wilfredo [Benedicto Jr Rhoderick Aurelio Jr. Antonio Juliana fRizaldy Celedonio Lope Mark Anthony Rogelio Jr. Dionisio Edwin Socorro Lynfyn Cristito Wilfredo Eduardo 147 148 149 136 13 139 142 14 137 140 13 145 146 123 125 126 129 1032 141 16 119 121 122 124 1 128 130 131 13 134 13 110 1 113 114 118 120 10 106 109 112 115 117 100 L01 102 13 108 88 10 107 983 30 17 1 92 9S 96 97 98 09 19 82 S 86 89 04 16 78 1 3 IMARFIL IDUENAS ITARRIELA ISACDALAN NUNEZ [DE GUZMAN VINOYA DE GUZMAN RAFALES RIVERA PEREZ [LERIOS PIGLESIAS LISING DAVID RAMIREZ DE GUZMAN RAYMUNDO VILLANUEVA PAULITE NUNEZ RAMIREZ KAABAY MACALISANG PEREZ NUNEZ IDACUTAN SARMIENTO BUSTAMANTE ALEJANDRO TALAN IBAUTISTA IArmaS BALMEO LRIO DIZON VERDE DALUSONG LLOBRERA CASTRO IMPLICA PASCO GRAFILO DOMINGO VERDE BUENACOSA [CORONEL DACUTAN ELIARDA CANAVERAL [MABUNA QUIBAO FRANCIA DIAZ LIRIO GRAFILO ROSQUITES ULTRA LARDA GERVAS SARMIENTO BUEN MALONG SANTILLAN BON CEPRIS OTeYZa CEPRIS VERDE CALLEJA CASTRO RABORAR SEMANA BRUDO Ne Marilou [Roberto] ICharito [Jay [Divina Cristeta Rolando Romelita Rodolfo Arne Eusebio Augusto j[Eduardo [Marilou Leonardo Remar Rogelio Teresita Gloria Adolfo Maria [Edwin Triumfante Patricio Dalisay Josefina Toribio Edwin Nomer Catalino Ronaldo Romeo Jerry IEdwin Gerardo] Conrado Jr Angelina Frankie Noel [Milagros Rogelio Narciso Edgardo Rene Sr. Ronaldo [Danilg IVon Braun [Miguel] [Nonie [Fernando Ernesto Abundio Jaime Zenaida] Danilo Jose Jr. Matide Emelito Gi Caros Cesar Amador Jr Tito Evencia Edison Marcellano Jr. Renato Alejandro Ryan Enrique Jose Jr. Emmanuel Bernardo Carlito Y Name