BIR Ruling No. 277-2017

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City

IDD

Certificate of Tax Exemption No: 277-2017

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

This certifiesthat GOLDENVILLEREALTYANDDEVELOPMENT CORPORATION with Tax Identification Number an entity engaged by the National Housing Authority (NHA), is exempt from project-related income taxes. creditable withholding tax and value added tax (VAT), pursuant to Section 20 (d)(1) and (3) of Republic Act No. 7279, on its income received directly in connection with the construction/development of socialized housing units under the NHA's Yolanda Permanent Housing Program, to wit:

December 16. Notice of Date of Award 2015 June 24,2016 Agreement Contract Date of Contract Price (Php) Sapi-an Ville Project Name Brgy. Bilao, Capiz Sapi-an. Location Housing Units subject of tax Socialized exemption No. of 433

However, the purchases of goods/articles by GOLDENVILLE REALTY AND DEVELOPMENT CORPORATION shall be subject to VAT,even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. It shall be understood that GOLDENVILLE REALTY AND DEVELOPMENT CORPORATION must issue non-VAT official receipts on its gross receipts from the said socialized housing project.

This Certificate of Tax Exemption is being issued on the basis of the facts and 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.

Issued this day of JUN 08 2017

XLSOVN

CAESAR R.DULAY Commissioner of Internal Revenue 006957 K-1