BIR Ruling No. 313-2021

REPUBLIC OF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE

Quezon City

Certificate of Tax Exemption No: PSH-a13-Z021

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

creditable withholding tax (CWT) pursuant to Section 20 (d)(1) of Republic Act (RA) No. 7279, 2016, on its income received directly in connection with its sale of socialized house and lot units III, consisting of 120 socialized house and lot units, located at Brgy. Loma de Gato, Marilao, Bulacan, a project duly registered with the Housing and Land Use Regulatorv Board (HLURB) for residential and dwelling purposes to qualified beneficiaries in Green Forbes Residences Phase under Certificate of Registration No. with Taxpayer's Identification Number as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17] ceiling price per house and lot package does not exceed f480,000.00'. This certifies that GOLDSTAR REALTY AND DEVELOPMENT CORPORATION and License to Sell No. is exempt from income tax and provided that the

exempt under Section 109(1)(P) of the National Internal Revenue Code of 1997 (Tax Code), as amended. Provided, however, that beginning January 1, 2021, the VAT exemption shall only apply or house and lot and other residential dwellings valued at P3,199,200.002 and below, is VAT- to sale of house and lot and other residential dwellings3 with selling price of not more than P3,199,200.00. Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and below.

covered by the tax exemption clause in Section 20 of RA No. 7279. Such being the case, the owner/project developer/seller shall be liable to pay the. DST on the documents conveying the Housing, not being covered by RA No. 7279, shall be subject to the payment of appropriate taxes. Section 6 (E) of the same Code, whichever is higher. Likewise, lots/units classified as Econonic properties imposed under Section 196 of the Tax Code, as amended, based on the consideration contracted to be paid for such realties or on their fair market value determined in accordance with Nonetheless, it is observed that documentary stamp tax (DST) is not one of the taxes

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 subject to the compliance with the provisions of

different, then this Certificate shall be considered null and void. as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are This Certificate of Tax Exemption is being issued on the basis of the facts and documents

Issued this. day of_AUG 2 4_2021

AE

K-I-JAC Commissioner of Interna! Revenue CAESAR R. DULAY n44982

2 As adjusted in 2011 using the 2010 Consumer Price Index values per Revenue Regulation No. 8-2021. 1 The maximum selling price is pegged at #480,000.00 based on HLURB License to Sell No. 3 Sale of lot only, regardless of the price, shall be subject to VAT starting January 01, 2021 pursuant to RA No. 10963.

Goldstar Realty & Development Corporation Page 2 of 2 CTE No._PSH - 3 13 - 2 6 2 T Date issued AUG 2 4 20?1

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

I The exemption from income and creditable withhoiding taxes covers only income

units "in Green Forbes Residences Phase III, located at Brgy. Loma de Gato. directly attributable to the revenues generated from the i20 socialized house and lot Marilao. Bulacan.

2. The developer shall submit the sworn statement of the buyer that he is eligible as a (CAR) for the transfer of the title of the socialized housing unit. socialized housing beneficiary under Section 5 (A) of Revenue Regulations (RR) No. 11-97 to the BIR during the processing of the Certificate Authorizing Registration

3. It is understood that the Certificate Authorizing Registration (CAR) shall oniy be issued concerned that, considering the rules on valuation of real property, the actual selling price per sale transaction of the socialized house and lot packages in this case does not really exceed P480,000.00 per house and lot unit. after it is established upon proper verification by the Revenue District Officer (RDO)

4 List of Non-saleable lots per HLURB License to Sell No. Region III, San Fernando City, Pampanga to wit: , granted by the HLURB,

Non-saleable lots: Parks & Playground - Block 7, Lot 35. Community Facilities - Block 17, Lot 2.