BIR Ruling No. 670-2020

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate of Tax Exemption No:

NSH-0670-2020

CERTIFICATE OF TAX EXEMPTION

Brgy. Lagundi, Morong, Rizal, to wit: ASSOCIATION, INC. (BVHOAD for the sale of 540' socialized housing units located at between This certifies that the Contract Agreement dated March 2, 2020 executed by and BAQUE CORPORATIONand BAMBUVILLAS HOMEOWNERS

Memorandum of March 3, 2020 Agreement Date of Name of Housing Bambu Villas Project Housing Units subject of Number of Socialized tax exemption 540 Brgy. Lagundi, Location of the Morong,Rizal Project

of Republic act (RA) No. 7279 and value-added tax pursuant to Section 109 (1)(P) of the Tax Code of 1997, as amended. calamities, those living in danger areas, and those relocated by NHA to give way to the withholding tax/capital gains tax and documentary stamp tax pursuant to Sections 19 and 20 construction of infrastructure projects by the national government, is not subject to creditable which project has been classified as socialized housing intended for the families affected by

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_DEC 1 7 2020

MaeoMwe

K-1-JAC Commissioner of Internal Revenue CAESAR R. DULAY 038650

1 As certified by the NHA in its Certification dated May 15, 2020.