BIR Ruling No. 271-2021

REPUBLICOF THE PHILIPPINES

DEPARIMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

PSH-Y-EI

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

house and lot units, iocated at Brgy. San Bartolome, San Pablo City, Laguna, a project duly dwelling purposes to qualified beneficiaries in Bellavita - San Pablo, consisting of 1,502 said units does not exceed P450,000.003 per house and lot. registered with the Houcing and Land Use Regulatorv Board (HLURB) under Certificate of Registration No. pursuant to Section 20 (d) (1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with its sale of socialized house and lot units for residential and (TIN) This certifias th^t BELLAVITA LAND CORP.' with Taxpayer Identification Number -, is exempt from income tax and creditable withholding tax (CWT) and License to Sell No. , provided that the seiling price of

residential dweilings4 with selling price of not more than P2,000.000.00, as adjusted in 2011 using the 20 10 Consumer Price Index values.$ below, or house and lot and other residential dwellings valued at P3,199,200.00 and betow, is exempt from value-added tax (VAT) pursuant to Section 109 (1) (P) of the National Internal 01, 2021, the exemption from VAT shall only apply to sale of house and lot and other Revenue Code (Tax Code) of `1997, as amended. Provided, however, that beginning January Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

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. documents as represented and submitted. However, if upon investigation, the BIR ascertains whichever is higher. Likewise, lots/units classified as Economic Housing, not being covered by RA No. 7279, shall be subject to the payment of appropriate taxes. The Company is liable, however, for other applicabte taxes not discussed above. covered by the tax exemption clause in Section 20 of RA No. 7279. Thus, the documents of 1997, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Section 6 (E) of the same Code. conveying the properties shall be subject to DST imposed under Section 196 of the 'Tax Code The grant of tax exemption herein is subject to the compliance with the provisions of Issued this This Certificate of Tax Exemption is being issued on the basis of the facts and It is observed, however, that documentary stamp tax (DST) is not one of the taxes day of

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Sale ootonly, regardfess of the price shalt he suhject toVtarting Janary 01. 2021 pursuant to RAVo. +0963. Amends I icense to Sell No. Per Resenue Regulations No. 4-2021 dated Aprit 8. 2021 + Formerly: South Maya Ventures Corporation Per It.t!RB License to Sell No. SK-I-LMAT tatod April 22.2019 sdated Novemher 28. 2019 Commissioner of Internal Revenue CAESAR R. DULAY H 0$1 Y

BELL AVITA LAND CORP. {(Bellavita - San Pablo} CTE NO. Date issued: 'Sh

TERMS AND CONDITIONS OF THE CERTIFICATE OF TAX EXEMPTION

The exemption from income and creditable withholding taxes covers only income directly attributable to the revenues generated from the i,502 socialized house and lot units in Bellavita -- San Pablo, located at Brgy. San Bartolome, San Pablo City, Laguna.

The developer shall submit the sworn statenent of the buyer that he is eligible as a socialized housing beneficiary under Section 5 (A) of Revenue Regulations (RR) No. 1 -97 to the Bureau ot Internal Revenue (BiR) during the processing of ihe Certificate Authorizing Registration (CAR) for the transfer of the title of the socialized housing unit.

3 It is understood that the CAR shall only be issued after it is established upon proper verification by the Revenue District Officer (RDO) concerned that, considering the rules on vaiuation of reai

property, the actual selling price per sale transaction of the socialized house and lot packages in this case does not really exceed P450,000.00.

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