BIR Ruling No. 360-2018

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Ta Exemption No:

560 -2018

CERTFCATE OF TAX EXEMPTON

TO ALL WHOM IT MAY CONCERN:

This certifies that MINDANAO RQCK with Taxpayers Identification Number (TIN)

a single proprietorship owned by Eric Ong Lim, 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 (RA) No. 7279, on its income received directly in connection with the land development of Kalasungay Paglaum Village, located at Brgy. Kalasungay, Malaybalay City, Bukidnon under the NHA's Socialized Housing Program (insofar as the 166 socialized lots generated therefrom are concerned), to wit:

Notice of Date of Oct. 29. Award 2012 Agreement March 27 Contract Jan. 28, Date of 20131 20132 Contract Price (Php) Development of Paglaum Village Project Name Kalasungay Land Malaybalay City, Kalasungay, Location Bukidnon Brgy. Socialized Lots subject of tax exemption No. of

However, the purchases of goods/articles by MINDANAO ROCK shall be subject to VAT, even if the said purchases are to be used for the land development intended for 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 MINDANAO ROCK must issue VAT-exempt official receipts on its gross receipts from the said land development 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_MAR 0 8 2018

10way

Commissioner of Internal Reven CAESAR R. DULAY 0141 2

K-1-JAC

1 Date Acknow|edged by MINDANAO ROCK 2 Date Acknowledged by NHA

4