BIR Ruling No. 296-2021

REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE

Quezon City

Certificate of Tax Exemption No:

PSH -

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

Number (TIN) 004-709-653-000, is exempt from income tax and creditable withholding tax This certifies that BELLAVITA LAND CORP.1 with Taxpayers Identification

(CWT) 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

residential and dwelling purposes to qualified beneficiaries in Bellavita -- Alaminos, Laguna. income received directly in connection with its sale of socialized house and lot units for consisting of 6512 house and lot units, located at Brgy. San Andres, Alaminos. Laguna, a project duly registered with the Honsing and Land Use Regulatorv Board (HLURB) under Certificate of Registration No. : and License to Sell No.

below, or house and lot and other residential dwellings valued at P3.199.200.00 and below. is Moreover, the sale by the Company of residential lot valued at P1,919.500.00 and

exempt from value-added tax (VAT) pursuant to Section 109 (l) (P) of the Nationai internal

residentiat dwellingst with selling price of not more than P3.199.200.00.5 0l. 2021. the exemption from VAT shall only appiy to sale of house and lot and other Revenue Code (Tax Code) of 1997, as amended. Provided. however, that beginning January

their fair market value determined in accordance with Section 6 (E) of the same Code whichever is higher. Likewise, lots/units classified as Economic Housing. not being covered covered by the tax exemption clause in Section 20 of RA No. 7279. Thus. the documents conveying the properties shall be subject to DST imposed under Section 196 of the Tax Code of 1997. as amended, based on the consideration contracted to be paid for such realties or on by RA No. 7279. shall be subject to the payment of appropriate taxes. It is observed. however. that documentary stamp tax (DST) is not one of the taxes

applicable BIR rules and regulations and the "Terms and Conditions stated hereof. The Company is liable. however. for other applicable taxes not discussed above. The grant of tax exemption herein is subject to the compliance with the provisions of

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

TCa

SK-I-LMAT Commissioner of Internal Revenue CAESAR R. DULAY 0445H

1 Formerly: South Maya Ventures Corporation : Out of the 651 house and lot units. 541 house and lot units shall not he sold for more than t : Now: Department of Human Settlements and (Frban Development (DH{St D). + Sale of lot only. regardless of the price. shalt he subject to V AT' starting January 01. 2021 pureuant to RA No. 10963. : As adjusted using the 2010 Consumer Price Index vatues pursuant to Revenue Regulations No. 8-2021 dated June 11. 2021. enumerated and identified in Annex "A" hereof. while the remaining I t0 house and tot units shall not he sold for more than Unit. per unit as

BELLAVITA LAND CORP. (Bellavita - Alaminos. Laguna) CTE No.: Date issued: PSH

OF THE CERTIFICATE OF TAX EXEMPTION TERMS AND CONDITIONS

1. The exemption from income and creditable withholding taxes covers only income directly attributable to the revenues generated from the 651 socialized house and lot units in Bellavita - Alaminos, Laguna, located at Brgy. San Andres. Alaminos. Laguna.

2 The developer shall submit the sworn statement of the buyer that he is eligible as a socialized housing beneficiary under Section 5 (A) of Revenue Regulations (RR) No. 11-97 to the Bureau of Internal Revenue (BIR) during the processing of the 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 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 F the l10 house and lot units. : on the 541 house and lot units and P O

C

P 1GE 2OF 6

(Bellavita -- Alaminos, Laguna) BELLAYITA LAND CORP CTE No.: Date issued: PSH - 1

ANNEX "A"

P The following are to be sold as socialized house and lot units with maximum selling price of ' per unit: 1. Per NHSIID's letter dated November !1. 2020 granting the upgrading of selling price from P I to P.

Block 18 1 9 10 I 12 17 20 21 22 23 14 11 2 8 3 1 1 5 6 D 2. 8, 9, 12, 18 & 23 2.8, 12,14 & 18 2, 8. 12,18 & 23 1.9.10.14& 15 2.9.10& 17 9,10& 17 9,10&17 7,10&11 2.9&10 2.8,&9 2.9 & 10 1.3,& 5 12& 17 9 & 10 9 & 10 8& 9 Lot 6 23 20 15 2 3 3 4 2 3 5 2 3 1 3 2 3 1 1 1 3 1 2 6 S Block 62 63 54 55 56 58 59 60 1 40 45 4 49 50 51 52 53 42 48 43 2.6. 10, 11 & 19 2. 10. 11 & 19 3. 9. 10 & 16 2..10 & 11 2.9& 14 1.2&14 l.2& 14 1,7&8 2&7 &3 2& 7 1&5 Lot 1S 2 1 L 6 1 2 2 1 1 1 3 4 2 3 1 3 2 1 2 3 1 3 2 1 P N

Y

38 24 25 26 30 32 33 31 3 39 29 1,7.8& 15 8,9&11 1.8& 15 1. 3& 5 10& 15 1.6 & 7 7&11 I&9 [ 2 2 4 3 3 3 2 1 1 2 1 2 3 14 1S 66 6 T 13 14 68 10 12 Total 3, 10 & 16 9.10& 16 2.8&9 9& 10 9& 15 2& 8 2 21 9 2 148 I 3 3 3 1 2 2 1 1

2. Per DHSUD's letter dated February P P y 18. 2020 granting the upgrading of selling price from

Block 4 10 23 61 6 9 T 3. 17.20 Lot 20 1 6 2 LT 12 9 1 1 1 C

Total 1e Y

P 1GE 3 0F 6

(Bellavita - Ataminos, Laguna) BELLAVITA LAND CORP CTE NO.: Date issued: PSH

3. Per HLURB's letter dated April 03, 2019 granting the upgrading of selling price from i to P

Block 43 62 1 9 2 Total 8.11 to 12 S to 6 3. 16 7 to 8 Lot 2 3 2 2

4. Per HI IIRB's letter dated December 19, 2018 granting the upgrading of selling price from Pt I to P

Block 13 20 31 4 64 10 4 Total 5. 18 6. 19 12,( 7 to 8 Lot 2 I 3 2 H 2 2 1 2

5. Per HI IJRB's ietter dated November 26. 2018 granting the upgrading of selling price from P to P

Block 29 13 6 to 9 Lot 3. 5 2

Total 6

6. Per HLURB's letter dated September 19, 2018 granting the upgrading of selling price from P to P

Block 1 28 30 13 32 L Lot 14 3 L2 0 3 5 1 N

Total 6

7. Per HLURB's letter dated October 10. 2018 granting the upgrading of selling price from to P

P

Block 10 Total 6 and7 Lot 2 2

PAGE 4 OF A

BELLAIITA LAND CORP (Bellavita -- Alaminos, Laguna) CTE NO.: Dute issued: PSH

8. Per HLtIRB's letter dated April 12, 201 8 granting the upgrading of selling price from P

to P

Block 14 2 3 Lot 19 2 5 1 1

23 29 1 Total 1o 20 6

9. Per HI.1RB's letter dated January 05. 2017 granting the upgrading of selling price from P to

Block 1 9 to 10 Lot 2 Block 34 Lot 22 1

19 1 42 H 1

32 2 24 22 23 6, 12, 14 3, 7 3. 5 H I 2 3 1 2 1 62 51 4 6 Total I 2 3 2 18 1 1

10.Per HLURR'- letter dated June 10. 2016 granting the upgrading of selling price from P to P4

Block 2 24 W L 2 14 11 17 2 11 to 12, 16. 18 11. 15 to 16 Lot I 14 14 12 3 9 4 3 E 1 1 1 N Block 26 67 T 34 37 58 3. 5. 8 to 10 2 to 3.5. 8 6 to 7 Lot 16 1 9 5 4 5 2 1

Total 29

11.Per HLURR's letter dated June 05, 2015 granting the upgrading of selling price fron P to P

Block I 14 1 9 1L 1 9 1 3 14 to 16. 23 to 24 5. 19 to 20 5 to 7, 16 3. 16, 6 U 10. 16 Lot 17 1 2 C 1 4 2 3 5 Block 1 20 21 23 2 26 I 1 9 2 3. 6 to 7. 11 to 12. 15 3.6. 8. 11 to 12. 14 6 to 8. I l to 12. 14 5 to 6. 10. 3 5 to 6. 14 3. 6.14 14 to 15 to 16 to 16 Lot 2 1 I 1 3 F +

20 21 5.8.14 S. 2 2 28 1 1 1 1

O

P 1GE 5O)F h

{Bellavita - Alaminos, Laguna) BELLAITTA LAND CORP. Date issued: CTE NO.: PSH -

Block 63 64 6 68 1 22 40 46 4 50 58 59 60 61 62 T 1 13 2 2 24 28 36 38 39 52 53 54 5 1 2 5. 8 to 9, 12, 14 to 18 3. 8 to 9, 12. 14 to 18 3. 5 to 6. 9 to 12 3. 5 to 6. 11 to.12 5 to 8, 10 to 12 5. 11 to 12, 14 3, 10, 12, 14 5 to 6, 9, 14 5 to 6, l1 5 to 8. l1 7 to 8, 12 3, 5 to 6 3, 8.10 10 to l1 8 to 12 5 to 6 10, 14 12, 14 3. 1 Lot L 11 1 T 1 6 3 1 3 2 1 1 2 2 3 13 2 5 1 1 1 I 4 2 1 1 3 1 1 4 1 1 5 1 3 1 5 Y 3 2 Y Block 67 68 2 58 59 61 62 63 64 65 6 10 T 38 3 9 40 43 45 47 49 55 56 57 60 30 32 34 3 46 54 29 5 to 6. 11, 14 to. 15 7 to 8, 15. 17 to 18 5 to 6. 8, 12, 14 8. 12. 14 to 15 2 to 3, 10 to 1 1 14 to 15. 17. l9 3. 5 to 7. 10 3.5 to 9. 12 16. 20 to 21 6. 9 to 10 5. 10. 14 10. 12. 14 6 to 7, 15 3. 12. 14 3. 5 to 6 6. 9. 11 16 to 18 2 to 3 5 to 6 8 to 9 3.S Lot 10 I 1 1 5 3 2 1 1 ( 3 I 3 3 3 1 1 1 S 1 4 5 ( 5 3 1 3 1 4 4 3 1 2 2 2 1 C 3

10 I 12 1 1 1 6 6 8 9 1 3 5 l0 to 11, 15 to 16 3, 5 to 7. 16. 22 12. 14. 16 to 17 7. 15. 19 to 21 6 to 7, 19. 22 2. 15. 17 2 to 3. 5 11. 20 6, 11 11 2 8 4 1 3 1 4 2 4 2 1 4 3 63 69 TG 14 33 24 3 8 3 10 1 1 9 Total 7 to 8. 16. 18 I to [2 21 to 22 7. 17.6 15. 16 12 1 1 2 5 2 9 4 2 2 1 1 1 1 3

P4GE 6 0}F A