TENANT ADVISORY

RE : EXPANDED WITHHOLDING TAX ON RENTAL

In reference to Sections 78 to 83 of the National Internal Revenue Code, this is to

advise you of the following compliances required from you as a rental paying tenant in
relation to withholding taxes.

- Expanded withholding taxes includes, but is not limited to, income payments on
Rental of real property (in excess of P10,000) used in business
- A withholding agent is any person or entity who is required to deduct and remit
the taxes withheld to the government. (in this case, to BIR)
- The duties of the withholding agent includes, but is not limited to:
a) to register
b) to deduct and withhold tax from all money payments subject to withholding
tax (in this case, on rental payments to ROBINSONS LAND CORP)
c) to remit the tax withheld at the time prescribed by law (to BIR)
d) to file annual return
e) to issue Withholding Tax Certificates to the recipient of the income
payments,

- Certificate of Creditable Tax Withheld at Source, BIR Form no. 2307 must be
issued and submitted to the payee (ROBINSONS LAND CORP) on or before the
20th day of the month following the close of the taxable quarter.

Any withholding agent who fails to comply with the above requirements on
withholding, remitting and filing Annual Return, are subjected to BIR assessment with
corresponding penalties and surcharges. On the other hand, failure to submit the BIR Form
2307 to Robinsons Land Corp. on deadline indicated shall also be subjected to penalties
and surcharges.