Tiffany Tower Realty Corporation vs. Commissioner of Internal Revenue

DECISION

This case involves a claim for refund or issuance of a tax credit certificate in the amount of P40,365,364.00 (originally in the amount of P140,658,857. 00) representing unutilized withholding tax credits for the calendar year ended December 31, 1996. The facts as culled from the records are as follows: Petitioner is a domestic corporation duly organized and existing under the laws of the Republic of the Philippines, with principal office at ASB Center, 114 Benavidez St., Legaspi Village, Makati City. (par. 1, Stipulated Facts, Joint Stipulation of Facts and Issues, page 72, CTA Records) For the calendar year ended December 31, 1996, petitioner filed its Annual Income Tax Return on April 15, 1997 (Exhibit "B"), declaring a taxable income amounting to P16,074,750.00 and an income tax due thereon ofP5,626,163.00. It likewise reflected in its return an excess and/or unutilized creditable income tax amounting to P40,365,364.00 (Exhibits "B-1 ", "B-3 "), computed as follows:

Tax Due Less: Tax Credits/Payments a) Prior Year's Excess Credit P 21,227,607.00 p 5,626,163.00 b) Quarterly Payments =24-'-'-'-'7 6=3'-'-'9:::..::2=0_,_,. 0=0 ____ 4...:..:5'-'--"-9"--91:....:.·=5 2::..C7-'-. 0=--=-0 Total Amount Payable (Refundable) P (40.365.364 00) On April 15, 1998, petitioner filed its Annual Income Tax Return for the calendar year ended December 31, 1997 (Exhibit "C") . An amended return was thereafter filed on April 30, 1998 (Exhibit "D "), declaring a net loss amounting to P 16,026,027 and total tax credits/payments in the amount ofP140,658,857 (Exhibits "D-1 " and "D-3 "), computed as follows:

Tax Due Less: Tax Credits/Payments a) Prior Year's Excess Credits b) Creditable Tax Withheld Total Amount Payable (Refundable) NIL p 40,365,365.00 100,293,492.00 P040.658.857 00) Since petitioner was at a net loss position, it opted to claim for the refund of its excess creditable taxes in the aggregate amount ofP140,658,857.00 as indicated by the "x" mark in box no.1 described as "To be refunded" (Exhibit "D-1 ''). On September 21, 1998, petitioner filed an administrative claim for refund with the BIR Revenue District Office No. 47, Makati City, in the aggregate amount of P140,658,857.00 representing its unutilized creditable withholding tax credits for the calendar years ended December 31, 1996 and December 31, 1997 (Exhibit "F'') . Due to the inaction by the respondent Bureau, petitioner filed the instant petition for review on April15, 1999. Respondent, in his Answer filed on June 18, 1999, raised the following Special and Affirmative Defenses:

"5. Petitioner's claim for refund is under investigation by respondent Commissioner of Internal Revenue;

6. Petitioner's claim has partially, if not totally, prescribed;

7. The 1997 Corporation Annual Income Tax Returns are in the name of ASB Development Corporation and no proof has been presented to show that the former is the same company as Tiffany Tower Realty Corporation;

8. In an action for tax refund, petitioner must show that taxes were paid erroneously or collected illegally. Failure to sustain this burden is fatal to the action for refund.

9. Claims for refund are construed strictly against the claimants since they are in the nature of exemption from taxation. (Manila Electric Co. vs. C.I.R. 67 SCRA 351);

10. Taxes are presumed to have been paid m accordance with law, hence not refundable."

On November 26, 2001 , this case was deemed submitted for decision after respondent failed to file his memorandum within the period given by the court (page 283, CTA Records). However, on February 19, 2002, petitioner filed an "Urgent Motion toRe- open Case For Trial And Leave of Court to Present Additional Evidence," which was granted by the court on March 1, 2002 (page 292, CTA Records). On June 7, 2002, petitioner filed a "Motion to Withdraw the Claim For Refund or Issuance of a Tax Credit Certificate of Petitioner's Unutilized Withholding Tax Credits for the calendar years (sic) ended December 31, 1997." In said motion, petitioner sought for the withdrawal of its claim for refund for the calendar year ended December 31, 1997 in the amount of P 100,293,492.00, in view of the issuance by the BIR of Tax Credit Certificates Nos. 024660 to 024669 in the aggregate amount of P99,485,455.76 (net of the disallowed credit ofP808,036.24) (pages 300-302, CTA Records).

The court granted the aforementioned motion in a resolution promulgated on July 1, 2002, thereby limiting petitioner's claim for refund to the amount of P40,365,364.00, representing its unutilized withholding tax credits for the calendar year ended December 31, 1996.

On October 8, 2002, petitioner filed a "Motion to Admit Supplemental Memorandum."

The motion was granted by the court on November 22, 2002 and confirmed in a resolution promulgated on November 29, 2002. On said date, this case was considered submitted for decision. The sole issue for the court's resolution is: "Whether or not petitioner is entitled to claim for the refund on the basis of the evidence presented." Before we resolve the above-stated issue, we shall first rule on the allegation made by respondent in his Answer that petitioner's 1997 Corporation Annual Income Tax Return is in the name of ASB Development Corporation and no proof has been presented to show that it is the same company as Tiffany Tower Realty Corporation. The court does not agree. On the contrary, petitioner presented in evidence a Certificate of Filing of Amended Articles of Incorporation with an attached Director's Certificate (Exhibits "A "," A-1 " and "A-2 '') in order to prove that ASB Development Corporation used to be Tiffany Tower Realty Corporation and that they are one and the same entity.

We now proceed to resolve the above-stated issue. After a careful examination of the evidence adduced solely by petitioner, the instant petition is PARTIALLY GRANTED.

Petitioner anchors its claim for refund on Section 69 (now Section 76) in relation to Section 230 (now Section 229) ofthe Tax Code, which provides, viz: "SEC. 69. Final Adjustment Return. - Every corporation liable to tax under Section 24 shall file a final adjustment return covering the total net income for the preceding calendar or fiscal year. If the sum of the quarterly tax payments made during the said taxable year is not equal to the total tax due on the entire taxable net income of that year the corporation shall either:

(a) Pay the excess tax still due; or

(b) Be refunded the excess amount paid, as the case may be. In case the corporation is entitled to a refund of the excess estimated quarterly income taxes paid, the refundable amount shown on its final adjustment return may be credited against the estimated quarterly income tax liabilities for the taxable quarters of the succeeding taxable year. "SEC. 230. Recovery of tax erroneously or illegally collected. - No suit or proceeding shall be maintained in any court for the recovery of any national internal revenue tax hereafter alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected, until a claim for refund or credit has been duly filed with the Commissioner; but such suit or proceeding may be maintained, whether or not such tax, penalty, or sum has been paid under protest or duress.

In any case, no such suit or proceeding shall be begun after the expiration of two years from the date of payment of the tax or penalty regardless of any supervening cause that may arise after payment: Provided, however, That the Commissioner may, even without a written claim therefor, refund or credit any tax, where on the face of the return upon which payment was made, such payment appears clearly to have been erroneously paid."

Based on the above provisions, petitioner is legally entitled to claim for the refund or tax credit of its unutilized withholding tax credits for the calendar year ended December 31, 1996.

Nonetheless, the following basic requirements as provided under Revenue

Regulations No. 12-94 (amending Revenue Regulations No. 6-85) and affirmed by jurisprudence must still be met by the petitioner, to state: 1.

That the claim for refund was filed within the two-year prescriptive period provided under Section 204(3) [now 204 (C)] in relation to Section 230 [now 229] ofthe Tax Code, as amended; 2.

That the income upon which the taxes were withheld were included in the return ofthe recipient; and 3.

That the fact of withholding is established by a copy of a statement duly issued by the payor (withholding agent) to the payee, showing the amount paid and the amount of tax withheld therefrom. [Citytrust Finance Corporation vs. The Commissioner of Internal Revenue, CTA Case No. 4134, November 11, 1991, affirmed by the Court of Appeals in Citytrust Finance Corporation vs. Court of Tax Appeals and The Commissioner of Internal Revenue, CA. G.R SP No. 28239, March 14, 1994; Citytrust Finance Corporation (formerly Investors Finance CorporationiFNCB Finance) vs. Commissioner of Internal Revenue, CTA Case No. 4046, February 24, 1993, affirmed by the Court of Appeals in Commissioner of Internal Revenue vs. Citytrust Finance Corporation (formerly Investors Finance Corp.IFNCB Finance) and the Court of Tax Appeals, CA G.R SP No. 31104, April 18, 1994; Ayala Life Assurance, Inc. vs. Commissioner of Internal Revenue, CTA Case No. 5631, dated May 11, 2000; Stock Transfer Service, Inc. vs. Commissioner of Internal Revenue, CTA Case No. 5796, dated May 3, 2000; Union Bank of the Philippines vs. Commissioner of Internal Revenue, CTA Case No. 5623, dated April 12, 2000; Citibank, N.A. vs. Court of Appeals and Commissioner of Internal Revenue, 280 SCRA 459; ACCRA Investments Corporation vs. Court of Appeals, 204 SCRA 957]. As to whether or not the claim for refund was timely filed, the court rules in the affirmative. Petitioner filed its letter-claim for refund with the BIRon September 21, 1998 while this petition for review was filed on April 15, 1999. Reckoned from April 15, 1997, the date of filing of the 1996 final adjustment return, both the administrative and judicial claims for refund were filed within the two-year prescriptive period.

It is to be noted, however, that petitioner's 1996 excess tax credits amounting to P40,365,364.00, consisted ofthe following: Prior Year's Excess Credit Less: 1996 Tax Due Add: Creditable Tax Withheld 1996 Excess Tax Credits P21,227,607.00 p 5,626,163.00 p 15' 60 1 '444. 00 24,763,920.00 P40.365.364.00 Considering that petitioner's 1996 claim for refund does not entirely pertain to the year 1996 but includes prior year's {1995) excess credit ofP15,601,444.00, this court rules that petitioner is barred from claiming the said portion as the same had already prescribed. Petitioner's claim for refund of its 1995 excess tax credits should have been filed within the two-year prescriptive period computed from the time of filing the Final Adjustment Return or Annual Income Tax Return (Commissioner of Internal Revenue vs. TMX Sales, Inc., G.R. No. 83736, January 15, 1992; Commissioner of Internal Revenue vs. Court of Appeals, G.R. No. 117254, January 21, 1999). Furthermore, no documents were presented by petitioner to support its entitlement thereto. In view thereof, the discussion is centered on petitioner's remaining creditable tax withheld for the year 1996 in the amount ofP24,763,920.00. We proceed to the second requirement. To prove compliance therewith, petitioner presented its income tax returns for the taxable years 1990 to 1996 (Exhibits "B ", "Un ", "Z10 ", "An", "Bn ", "K11 " and "L11 ") and various Sales Summaries pertaining to taxable years 1990 to 1996 (Exhibits "M 11 " to "S1 1 '').

A scrutiny of petitioner's income tax returns for the taxable years 1990 to 1996 would show that the income from sale of real property from which the 1996 creditable taxes were withheld were included as part of its gross income (Exhibits "B ", "U1 1 " , "Z1 0 " ,

"A11 " , "B11 " , "K11 " and "L11 ''). Likewise, petitioner's management fees were verified to have been included as part of the gross income declared in its 1996 Annual Income Return. (Exhibit "B-4 '').

However, the court noted that petitioner's rental income as reflected in its certificates of creditable withholding tax is higher than the amount declared in its 1996 Annual Income Tax Return (Exhibit "B-5 ''). Consequently, this court can only grant a refund in proportion to what has been declared in its 1996 Annual Income Tax Return, thus: Rental Income Tax Withheld Per Certificate (Annex "A '') P73,705,427.00 P3,686,463.22 Per Income Tax Return 68,022,304.00 3,401,115.20 -------------------- Difference representing P285,348.02 creditable withholding tax on ======= undeclared income Lastly, we find petitioner to have complied with the third requirement. To establish the fact of withholding, petitioner presented in evidence vanous certificates of creditable taxes withheld at source (Exhibits "H " to "Z " and "AA " to "PP'') and monthly remittance returns (Exhibits "QQ " to "ZZ", "AAA " to "ZZZ ", "AAAA " to "ZZZZ ", "AAAAA " to "ZZZZZ" and "AAAAAA " to "GGGGGG''). Then again, the court is not inclined to grant the entire claim. After an examination of the aforesaid certificates of creditable taxes withheld at source and the monthly remittance returns, the creditable withholding taxes totaled only P23,446,953.87 (Annex "A''). In fine, petitioner's claim is entitled to the reduced amount of P23,446,953.84, computed as follows:

Amount Claimed Less: Disallowances

1. Prior Year's Tax Credits (1995)

2. Unsupported Documents (P24, 763,920.00 - 23, 732,301 .89)

3. Creditable withholding tax corresponding to the undeclared mcome Amount Granted P40,365,364.00 p 15 '60 1 '444. 00 1,031,618.11 285,348.02 16,918,410.13 ------------------- ------------------- P23,446,953 .87

WHEREFORE, in view of all the foregoing, the instant petition is hereby PARTIALLY GRANTED. Accordingly, respondent is ORDERED to REFUND or, in the alternative, ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of P23,446,953.87 representing its excess unutilized creditable withholding taxes for the calendar year ended December 31, 1996.

WE CONCUR:

ERNESTO D. ACOSTA Presiding Judge Associate Judge 2::::;::.-tr e -~~, ~.

JUANITO C. CASTANEDA,<lR. Associate Judge

CERTIFICATION I hereby certify that the above decision was reached after due consultation with the members of the Court of Tax Appeals in accordance with Section 13, Article VIII of the Constitution.

L~ .. o~ ERNESTO D. ACOSTA Presiding Judge

SCHEDULE OF ALLOWABLE CREDITABLE WITHHOLDING TAX

AS OF DECEMBER 31 , 1996

ANNEX A

TIFFANY TOWER R:::ALTY CORPORATION

vs. COMMISSIONER OF INTERNAL REVENUE

PER PETITIONER'S SUMMARY

PER CERTIFICATE

ALLOWABLE WITHHOLDING WITHHOLDING CREDITABLE

WITHHOLDING AGENT

TAX BASE

TAX EXHIBIT

TAX BASE

TAX

TAX BASE

WITHHOLDING TAX

I. RENTAL INCOME & PROFESSIONAL FEES ,.

AGENCE FRANCE-PRESSE

p 880,000.00 p 44,000.00 H p 880,000.00 p 44,000.00 p 880,000.00 p 44,000.00

ALA CARTE FOOD CORP

2,455,627.20 122,781 .52 I 2,447,684.80 122,384.24 2,447,684.80 122,384.24 ASB FINANCE, INC.

481 ,800.00 24,090.00 201 ,300.00 9,900.00 201 ,300.00 9,900.00 J 99,000.00 4,950.00 K 102,300.00 4,950.00

BANK OF SEA SAVINGS

12,040,948.60 602,047.43 L 11,037,999.80 551 ,899.90 11 ,037,999.80 551 ,899.90

BARRICK GOLD

2,514,285.60 125,714.28

NO DOC

BOVIS ASIA PACIFIC

938,181 .60 46,909.08

NO DOC

BSA COMMERCIAL

24,000.00 1,200.00 M 24,000.00 1,200.00 24,000.00 1,200.00

BURNSCODE INTL CORP

3,821,935.60 191,096.78 C11 3, 780,000.00 189,000.00 3,780,000.00 189,000.00

CARGILL PHILS

1,005,715.20 50,285.76

NO DOC

CHANNEL LTD

1,142,858.40 57,142.92

NO DOC

CHARLES SANDHAM

836,508.00 41 ,825.40

NO DOC

COCA COLA EXPORT CORP

1,010,640.00 50,532.00

NO DOC

CONGEE SQUARE

1,035,034.00 51,751 .70 D11 940,940.00 47,047.00 940,NO.OO 47,047.00 DHL 253,920.00 12,696.00 190,440.00 9,522.00 190,440.00 9,522.00 0 63,480.00 3,174.00 p 63,480.00 3,174.00 a 63,480.00 3,174.00

EAST OCEAN FOOD CORP

3,227,148.00 161,357.40

NO DOC

EXCEL FOODS CORP

1,331,168.00 67,915.67 T 1,67 4,646.20 83,732.31 1,331 ,158.00 67,915.67

GOLDEN ARCHES DEVL T CORP

2,287,610.80 113,023.51 1,894,838.00 94,741 .90 1,894,838.00 94,741 .90 u 537,711 .20 26,885.56 v 562,217.00 28,110.85 w 794,909.80 39,745.49 J . SOTO BOUTIQUE 9,473.40 473.67

NO DOC

LEDESMA, SALUDO & ASSOC 1,629,525.20 81 ,476.26 X 1,655,808.00 82,790.00 1,629,525.20 81 ,476.26

LEE COMMODITIES

348,773.60 17,438.68 298,948.32 14,947.44 298,948.32 14,947.44 y 149.474.16 7,473.72 z 149.474.16 7.473.72 1 of 14

MARBEN FOODS PHILS

2,145,000.00 107,250.00 AA 1,056,000.00 52,800.00 1,056,000.00 52,800.00

MATSUSHITA ELECTRIC

914,285.60 45,714.28 11 1 914,285.60 45,714.28 914,285.60 45,714.28

MENACHEM LOURIE

960,000.00 48,000.00

NO DOC

MGH RESTAURANT

1 '113,602.40 55,680.12 1,097,563.50 54,878.22 1,097,563.50 54,878.22 E11 365,854.50 18,292.74

F1 1

731.709 00 36.58548 MTR RESTAuRANT 1,867,567.80 93,378.39 BB 933,076.98 46,653.84 933,076.98 46,653.84

OSA FOODS

896,066.00 44,803.30

NO DOC

PERLA MANSION CONDOTEL

20,315.00 1,015.75

NO DOC

PHIL FAVORITE CHICKEN

3,989,482.20 199,474.11 3,344,576.40 167,228.43 3,344,576.40 167,228.43 cc 1,993,345.20 ,.

99.667.26 DO 337,807.80 16,890.00 EE 337.807.80 16,890.39 FF 337,807.80 16,890.39 GG 337,807.80 16,890.39

PHILNICO MINING & INDL CORP

5,863,636.40 293,181 .82 HH 5,863,636.40 293,181.82 5,863,636.40 293,181.82

RIZAL BANKING CORP

34,160,244.00 1,708,012.20 pp 32,755,000.00 1 ,637, 750.00 32,755,000.00 1,637' 750.00 S. SOTO BOUTIQUE 3,157.80 157.89

NO DOC

THEJAPANESEASSOC. MLA 571 ,428.00 28,571 .40 G11 571 ,428.00 28,571 .40 571 ,428.00 28,571.40

THE NEW ZEALAND INSURANCE

966,000.00 48,300.00

NO DOC

THE RED KEITLE CO

1,655,873.60 82,793.68 II 1,807,662.00 90,383.10 1,655,873.60 82,793.68

PERLA MANSION CONDOTEL

8,184.80 409.24

NO DOC

PRINCE PLAZA II

3,692.00 184.60

NO DOC

PROCTER & GAMBLE

857,143.20 42,857.16 00 857,142.86 42,857.14 857,142.86 42,857.14

ROSIELLE SOTO

15,789.00 789.45

NO DOC

SUBTOTAL p 93,286,621.00 p 4,664,331.45 p 76,848,17 4.37 p 3,842,242.88 p 73,705,427.46 p 3,686,463.22 II. PROFESSIONAL FEES

BSA FINANCE

p 1,779,075.00 p 88,953.75 N p 1,778,177.51 p 88,908.86 p 1,778,177.51 p 88,908.86 PETHAINC 79,200.00 3,960.00 JJ, KK 79,200.00 3,960.00 79,200.00 3,960.00

PRINCE PLAZA

350,000.00 17,500.00 LL 350,000.00 17,500.00 350,000.00 17,500.00

PRINCEVILLE CONDO

413,820.00 20,691 .00 413,820.00 20,691.00 413,820.00 20,691 .00 MM 206,910.00 10,345.50 NN 206,910.00 10,345.50 SUBTOTAL p 2,622,095.00 p 131,104.75 p 3,035,017.51 p 151 ,750.86 p 2,621 ,197.51 p 131,059.86 2 of 14 Ill. INCOME FROM SALES OF REAL PROPERTY

3 GOLD PROPERTIES

p 15,521,655.12 p 776,082.75 p 15,521 ,655.12 p 776,082.75 p 15,521 ,655.12 776,082.75 ss 4.703,531 .84 235,176.59 ss 4,703,531 .84 235,176.59 ss 4,703,531 .84 235,176.59 KKK, KKK-1 1,411 ,059.60 70,552.98 543 PROPERTY VENTURES, INC. 57,891 .10 2,894.56 XX 57,891 .1 0 2,894.56 57,891.10 2,894.56

ADONIS JURADO

1,064,580.00 31 ,937.40 GGG 1,064,580.00 31 ,937.40 1,064,580.00 31 ,937.40

AGRIMEX SALES CORP

1,602,269.99 80,113.49 1,602,269.99 80,113.49 1,602,269.99 80,1 13.49 QQ 122,575.98 6,128.80 RR 124,465.69 6,223.28 ss 126,384.54 6,319.23 TT 128,332.96 6,416.65 uu 130,311.43 6,515.57 ww 132,320.40 6,616.02 AAA 270,792.07 13,539.60 CCC 138,535.05 6,926.75 EEE 140,670.80 7,033.54 GGG 142,839.47 7,141 .97 Ill 145,041.58 7,252.08

ALFEO & CONCEPCION VIVAS

1 '1 07,482.03 33,224.46 BBB 1,1 07,482.03 33,224.46 1 '1 07,482.03 33,224.46

ALICIA & BENJAMIN TUGONAN

2,082,939.70 104,146.99 ss 2,082,939.70 104,146.99 2,082,939.70 104,146.99

AMBROSIO CANT ADA II

1,268,331.00 38,049.93 RR 1,268,331.00 38,049.93 1,268,331 .00 38,049.93

AMELIA YLAGAN

4, 790,789.56 186,954.91 4,731 ,978.23 186,954.91 4,731,978.23 186,954.91 n 2,249,778.18 112,488.91 zz 1 '193, 769.99 35,813.10 zz 1,1 70,807.39 35,124.22 NNN, NNN-1 58,592.67 1,757.78 000, 000-1 59,030.00 1,770.90

ANGELITA CANT ADA

1,268,331 .00 38,049.93 RR 1,268,331 .00 38,049.93 1,268,331.00 38,049.93

ANNA GONZALES

1,:2:75,053.50 38,251 .61 FFF 1,275,053.50 38,251 .61 1,275,053.50 38,251.61

ANNALIZA GOHUICHENG

2,481 ,428.93 124,071.45 XX 2,481 ,428.93 124,071 .45 2,481 ,428.93 124,071.45

ANTONIO GO

3,919,727.50 195,986.38 RR 3,919,727.50 195,()86.38 3,919,727.50 195,986.38

ANTONIO PAHATI

1,047,600.00 31 ,428.00 ppp 1,047,600.00 31,428.00 1,047,600.00 31 ,428.00

AUREO PARAS

1,872,699.84 56,181 .00 TT 1,872,699.84 56,181.00 1,872,699.84 56,181.00 BENITO ESTACIO, JR.

1,760,220.00 52,806.60 EEE 1 '760,220.00 52,806.60 1 '760,220.00 52,806.60 C. BONAVITACOLA & M. ANOVER 1,645,375.00 49,361.25 TT 1,645,375.00 49,361 .25 1,645,375.00 49,361 .25

CARINA BUSUEGO

1 '112,233.54 33,367.01 QQ 1 '112,233.54 33,367.01 1 '112,233.54 33,367.01 C. BAUTISTA 1,826,722.95 54,801 .69 w 1,826,722.95 54,801 .69 1,826,722.95 54,801 .69

CELIA AURELLANO

1,738,996.60 52,169.90 RR 1,738,996.60 52,169.90 1,738,996.60 52,169.90 3 of 14

CESAR MARTINEZ

5,923,711.49 296,185.57 EEE 5,923,711.49 296,185.57 5,923,711.49 296,1 85.57

CHEMICAL ALLOY CORP

133,959.46 4,168.08 138,935.31 4,168.08 138,935.31 4,168.08 QQ 10,753.25 322.60 RR 10,896.63 326.90 ss 11 ,041 .91 331.26 TT 11,189.14 335.67 uu 11 ,338.33 340.15 ww 11 ,489.51 344.69 yy 11 ,642.70 349.28 AAA 11 ,797.94 353.94 CCC 11 ,955.24 358.66 EEE 12,114.64 363.44 GGG 12,276.17 368.29 Ill 12.439.85 373.20

CHENG CHENG LEE

5,020,962.89 248,624.20 4,972,484.09 248,624.20 4,972,484.09 248,624.20 ww 2,306,720.86 115,336.04 ww 2,633,444 03 131 ,672.20 RRR 32,319.20 1,615.96

CHINA BANKING CORP

4,069,079.50 81 ,381 .59 QQQ, sss 4,069,079.50 81 ,381.59 4,069,079.50 81 ,381.59

CHRISTINE BAUTISTA

5,509,459.81 275,472.99 TTT 5,509,459.81 275,472.99 5,509,459.81 275,472.99

CRISPIN LACSON

259,466.50 5,189.33 uuu 259,466.50 5,189.33 259,466.50 5,189.33 D. EDGAR CABANGON 5,693,554.05 284,677.70 \f\N 5,693,554.05 284,677.70 5,693,554.05 284,677.70

DANILO ESCANO

2,528,070.40 126,403.52 TT 2,528,070.40 126,403.52 2,528,070.40 126,403.52

DANILO FELICIANO

2,137,475.00 106,873.75 DOD 2,137,475.00 106,873.75 2,137,475.00 106,873.75

DAVID EMRALINO

1,480,620.00 44,418.60 WNW 1,480,620.00 44,418.60 1,480,620.00 44,418.60

DAVID MAY

1,717,898.03 51 ,536.94 XXX 1 '717,898.03 51 ,536.94 1,717,898.03 51 ,536.94

DAVID MERCADO

958,500.00 28,755.00 uu 958,500.00 28,755.00 958,500.00 28,755.00

DEXTER CO

240,000.00 12,000.00 YYY 240,000.00 12,000.00 240,000.00 12,000.00

DMC URBAN PROPERTY

581 ,437.40 29,071 .87 llZ 581 ,437.40 29,071 .87 581 ,437.40 29,071 .87

EDWARD DIZON

1 '797 ,900.00 53,937.00 uu 1 '797 ,900.00 53,937.00 1,797,900.00 53,937.00

EDWARD YOUNG

1,023,000.00 30,690.00 AAAA 1,023,000.00 30,690.00 1,023,000.00 30,690.00

EDSONS HOLDING

, 60,547.10 3,027.36 zz 60,547.10 3,027.36 60,547.10 3,027.36

EDWIN TANG

2,106,360.00 105,318.00 BBBB 2,106,360.00 105,318.00 2,106,360.00 105,318.00 Ell JR. & A. MALAYA 2,243,258.30 112,162.92 BBB 2,243,258.30 112,162.92 2,243,258.30 112,162.92

ELIZABETH ROMUALDO

1,614,000.00 48,420.00 ecce 1,614,000.00 48,420.00 1,614,000.00 48,420.00

EMERITO ROJAS

2,026,310.51 101 ,31 5.53 ss 2,026,310.51 101,315.53 2,026,310.51 101,315.53

EMRAN HOLDINGS CORP

446,827.75 22,341.40 487,792.67 24,389.65 446,827.75 22,341.40 QQ 34,262.75 1,713.14 RR 34,776.69 1,738.83 ss 35,298.34 1,764.92 TT 35,827.82 1,791 .39 4 of 14 w 36,365.23 1,818.26 XX 36,910.71 1,845.54 zz 37,464.37 1,873.22 BBB 38,026.34 1,901 .32 DDD 38,596.72 1,929.84 FFF 39,175.68 1,958.78 HHH 39,763.32 1,988.17 JJJ 40,359.77 2,01 7.99 AAAAAAAA 40,964.93 2,048.25

ENRIQUE RESURRECCION

5,234,538.84 261 ,726.94 TT 5,234,538.84 261 ,726.94 5,234,538.84 261 ,726.94

ENRIQUE SUCALDITO

1,489,561 .35 44,686.84 TT 1,489,561 .35 44,686.84 1,489,561 .35 44,686.84

EPHRAIM & ELIEZER LIM

418,370.00 20,918.50 DODD 418,370.00 20,918.50 418,370.00 20,918.50

ERLINDA ESTRELLADO

3, 701 ,368.64 185,068.43 RR 3,701 ,368.64 185,068.43 3,701 ,368.64 185,068.43

ESMERALDA EVANGELISTA

1,610,183.40 48,305.50 w 1,610,183.40 48,305.50 1,610,183.40 48,305.50 ESTHERABAD 1,550,470.00 46,514.10 w 1,550,470.00 46,514.10 1,550,470.00 46,514.10

ESTHER TAN

4,841 ,362.95 145,240.88 w 4,841 ,362.95 145,240.88 4,841,362.95 145,240.88

EUGEEN MICHAEL SALGADO

4,490,222.94 224,511 .15 ss 4,490,222.94 224,511.15 4,490,222.94 224,511 .15

EVANGELINE PABLO

1,451 ,931 .89 43,557.96 EEEE 1,451 ,931 .89 43,557.96 1,451,931 .89 43,557.96

EXCELLENT MACHINERY CORP

48,735.15 1,462.06 48,735.15 1,4{;2.06 48,735.15 1,462.06 QQ 9,490.55 284.72 RR 9,617 09 288.51 ss 9,745.32 292.36 TT 9,875.26 296.26 uu 10,006.93 300.21 E.Z. HOUSING DEVL T 33,914.40 1,017.43 QQ 33,914.40 1,017.43 33,914.40 1,017.43

FE RAYA

1,102,275.00 31 ,630.50 AAA. FFFF 1 '1 02,275.00 31 ,630.50 1,102,275.00 31 ,630.50

FELIX TREBOL

3,1 09,511 .29 91 ,341.00 2,953,159.09 89,356.41 2,953,1 59.09 89,356.41 zz 2.915,077.29 87,452.32 GGGG 38,081 .80 1,904.09

FERDINAND DE LOS REYES

1 ,238, 702.40 37,161.07 JJJ 1 ,238, 702.40 37,161.07 1 ,238, 702.40 37,161.07 F.,E.,M.,A. ARCENAS 4,265,177.00 146,034.44 QQ 3,361 ,200.40 100,836.61 3,361,200.40 100,836.61

FERNANDO & RENEE MARTINEZ

, 2,259,891.45 67,796.74 TT 2,259,891.45 67,796.74 2,259,891 .45 67,796.74

FIVEMED INC

804,383.33 40,219.1 8 804,383.33 40,219.18 804,383.33 40,219.18 QQ 61 ,680.11 3,084.01 RR 62,605.31 3,130.27 ss 63.544.39 3,177.22 TT 64,497.56 3,224.88 w 65,465.02 3,273.25 XX 66,446.99 3.322.35 zz 67,443.70 3.372.19 BBB 68,455.35 3.422.77 5 of 14

FORTUNATA PAGTALUNAN

FRANCIS ARANETA

GABRIEL BATTUNG

GERALDINE ISAAC

GERRY ESPLANA

GILMORE HOLDINGS

GINEBRA MACALINAO

GLORIA SANTOS

GODOFREDO BANZON

GRACE GLORY GO

HENRY UY

HERMES OCHOA

HERMINIA ANG-ANGCO

HERMINIO OBAR

HERMINIO ORDONEZ

HONG CHANG PHILS

{RIS BONIFACIO

JACQUELINE & TERESITA SILVA

JAIME GOSIACO

JANET VIRAY

JEANETTE MACASIEB

JERRIE CHANG

JESUS & FRANCISCO AFABLE

JHOANNA VILLARAMA

JIMMY TANG

JOANNA PEREZ

JOHN & CORAZON SERVINIO

J. CUA & A. DICHOSO

JOSEFINA MCLAREN

JOSEFINA SINSIOCO

JOYCE PAMINTUAN

JAMC PROPERTY

1,128,600.00 1,576,695.00 633,915.00 1,598,063.09 5,469,190.60 24,130.85 5,446,977.56 3,253,660.55 2,243,551.60 5,469,190.58 13,950,359.60 1,358,610.00 3,342,560.30 1,615,638.19 2,003,385.00 1,292,730.86 1,542,080.54 1,819,123.12 1,973,210.00 3,178,012.80 5,376,610.00 468,685.00 3,818,100.00 1,541,966.40 2,106,360.00 2,126,400.00 1,136,364,70 5,363,445.08 1,124,239.20 1,430,383.50 1,133,220.00 353,990.01 33,858.00 47,300.85 19,017.45 47,941.89 273,459.53 723.93 272,348.88 97,609.82 112,177.58 273,459.53 58,510.79 40,758.30 140,386.53 48,469.15 100,169.25 38,781.93 46,262.42 54,573.69 59,196.30 95,340.38 268,830.50 14,060.55 190,905.00 44,982.00 105,318.00 106,320.00 34,090.94 268172.25 56,211.96 42,911.51 33,996.60 17,699.51 DDD FFF HHH JJJ YY, HHHH a Ss RR JJJJ Xx SS Ww aa GGG TT GGG XX Qa ore) TT BBB RR KKKK Ww RR LLLL MMMM RR, NNNN 90000 PPPP TT Qaaa RRRR Ssss GGG QQ RR Ss TT vv 69.482.18 70,524.42 71,582.28 72,656.02 1,128,600.00 1,576,695.00 633,915.00 1,598,063.09 5,469,190.60 24,130.85 5,446,977.56 3,253,660.55 2,243,551.60 5,469,190.58 13,950,359.60 1,358,610.00 3,342,560.30 1,615,638.19 2,003,385.00 1,292,730.86 1,542,080.54 1,819,123.12 1,973,210.00 3,178,012.80 5,376,610.00 468,685.00 3,818, 100.00 1,541,966.40 2,106,360.00 2,126,400.00 1,136,364.70 5,363,445.08 1,124,239.20 1,430,383.50 1,133,220.00 353,990.01 27,143.95 27,551.14 27,964.38 28,383.84 28,809.60 3,474 14 3,526.22 3,579.11 3,632.80 33,858.00 47,300.85 19,017.45 47,941.89 273,459.53 723.93 272,348.88 97,609.82 112,177.58 273,459.53 58,510.79 40,758.30 140,386.53 48,469.15 100,169.25 38,781.93 46,262.42 54,573.69 59,196.30 95,340.38 268,830.50 14,060.55 190,905.00 44,982.00 105,318.00 106,320.00 34,090.94 268,172.25 56,211.96 42,911.51 33,996.60 17,699.51 1,357.20 1,377.56 1,398.22 1,419.19 1,440.48 1,128,600.00 1,576,695.00 633,915.00 1,598,063.09 5,469,190.60 24,130.85 5,446,977.56 3,253,660.55 2,243,551.60 5,469,190.58 13,950,359.60 1,358,610.00 3,342,560.30 1,615,638.19 2,003,385.00 1,292,730.86 1,542,080.54 1,819,123.12 1,973,210.00 3,178,012.80 5,376,610.00 468,685.00 3,818,100.00 1,541,966.40 2,106,360.00 2,126,400.00 1,136,364.70 5,363,445.08 1,124,239.20 1,430,383.50 4,133,220.00 353,990.01 33,858.00 47,300.85 19,017.45 47,941.89 273,459.53 723.93 272,348.88 97,609.82 112,177.58 273,459.53 58,510.79 40,758.30 140,386.53 48,469.15 100,169.25 38,781.93 46,262.42 54,573.69 59,196.30 95,340.38 268,830.50 14,060.55 190,905.00 44,982.00 105,318.00 106,320.00 34,090.94 268,172.25 56,211.96 42,911.51 33,996.60 17,699.51 6 of 14

JUDY SO TAN

KATHERINE DELOS REYES

K.N. DELOS SANTOS

KENNETH CHING

KENTON SUA

LA CONSOLACION REALTY CORP

2,334,000.00 1,239,595.00 1,958,168.35 5,084,369.60 74,220.00 1,301,407.06 416,700.00 37,187.85 58,745.05 254,218.48 1,484.40 24,042.20 XX zz BBB DDD FFF HHH Jud DDD Ss UUUU QQ QQ QQ RR RR RR Ss Ss Ss TT TT eee XX XX zz zz zz BBB BBB BBB DOD DDD DDD FFF ge} sd ~1 on te res} oO @ NI fh oO Qa “EN on mB om co w = © wo o Nd wD wow oo ci ~ MM BP st OD ta WwW W Ww w B= Om A > - 2,334.000.00 1,239,595.00 1,958,168.35 5,084,369.60 74,220.00 801,407.06 18.425 95 18,145 55 24,381.28 18,701.43 18,477.72 25.254 50 18,981.95 18.694 00 25,633.32 19,266.68 18.974 44 26,017.82 19,555.38 19,259 C3 26.408 09 19,349.02 19.547 91 26,804 21 20,146 75 19341 *3 27,206.27 20.448 S5 20,438.75 27,814.37 20,755.59 20 449 33 28.023 58 21.067 62 1,462.09 1,484.02 1,506.28 1,528.87 1551.84 1.975.08 1,598.74 116,700.00 37,187.85 §8,745.05 254,218.48 1,484.40 24,042.20 552.75 544 37 746 44 581 04 552.53 757.64 569.46 560.82 769.00 578.00 569.23 780.53 586.67 S777 792.24 $95.47 586.44 804.13 654.40 $95.23 816..9 613 47 604.16 828.43 622.57 613.22 840.86 632.01 2,334,000.00 1,239,595.00 1,958,168.35 5,084,369.60 74,220.00 801,407.06 116,700.00 37,187.85 §8,745.05 254,218.48 1,484.40 24,042.20 7 of 14

LAURA MARCUE

LAWRENCE SY

LIGAYA CHAN

LIGAYA MGT CORP

LINEA FURNITURE

LORENZO CONSTRUCTION

LOSAR OPTICS

2,147,415.20 3,045,970.00 2,473,785.00 $3,890.85 41,820.47 782.917.91 8,658.00 107,370.76 88,334.25 123,689.25 2,694.54 2,091.02 39,145.90 432.90 FFF FFF HHH HHH HHH Jud JJ Jud ss XXXX QQ FFF TT QQ QQ RR RR ss Ss TT TT XX zz zz BBB BBB DDD DDD EFF FFF HHH HHH JJ JJ 20.747.44 28,449.01 21,383.03 21,058.65 28,875.75 21,703.77 21,374.52 29,308.88 2,147,415.20 2,741,485.00 2,473,785.00 53,890.85 41,820.47 (2,049,203.60) 2,091,024.07 782,917.91 33,720.23 26,313.91 34.226.03 26,708.62 34,739.42 27,109.25 35.260.54 27,515.89 35,789.42 27,928.63 36,326.27 28,347.56 36,871.16 28,772 77 37,424.22 29,204.36 37,985.59 29,642.43 38,555.37 30,087.06 39,133.70 30,538.37 39,720.70 30,996.44 622.42 853.47 641.49 631.76 866.27 651.11 641.24 879.27 107,370.76 82,244.55 123,689.25 2,694.54 2,091.02 (102,460.18) 104,551.20 39,145.90 1, 315.70 711.30 335.43 136.97 355.46 763.03 375.79 789.47 an eae re a re 686.01 396.43 816.31 417.38 843.56 438.64 871.21 460.22 899.28 482.42 927.77 904.35 956.69 526.92 986.04 949.82 2.147,415.20 2,.741,485.00 2.473,785.00 53,890.85 41,820.47 782.917.91 107.370.76 82,244.55 123,689.25 2,694.54 2.091.02 39,145.90 8 of 14

LOURDES MACALALANG

945,900.00 28,377.00 IJWNVW 945,900.00 28,377.00 945,900.00 28,377.00

LU CHING CHENG

1,317,336.27 39,520.09 TT 1,317,336.27 39,520.09 1,317,336.27 39,520.09

MILAGROS MAGSAJO

1,878,933.43 56,368.00 zz 1,878,933.43 56,368.00 1,878,933.43 56,368.00

MCCONRI CONSULTING

3,445,830.00 103,374.90 DODD, EEEEE 3,445,830.00 103,374.90 3,445,830.00 103,374.90

MAMA SIT A HOLDINGS

5,232,679.17 261,633.96 5,232,679.17 261 ,633.96 5,232,679.17 261,633.96 QQ 5.128.025.58 256.401 .28 uu 104,653.59 5,232.68

MARCELO CALACDAY

4,844,675.56 242,233.78 TT 4,844,675.56 242,233.78 4,844,675.56 242,233.78

MARCELO & LUTGARDA LEE

1,757,415.00 52,722.45 ccccc 1,757,415.00 52,722.45 1,757,415.00 52,722.45

MARIANO LIM

1,715,610.00 51 ,468.30 TT 1,715,610.00 51,468.30 1,715,610.00 51 ,468.30

MARINETTE LIM & HELEN CO

3,766,316.24 188,315.81 QQ 3,766,316.24 188,315.81 3,766,316.24 188,31 5.81

MARIVIC SARMIENTO

1,821 ,615.20 54,648.46 RR 1,821 ,615.20 54,648.46 1,821 ,615.20 54,648.46

MARY ANN CUSI

2,013,171.95 100,658.60 BBBBB 2,013,171.95 100,658.60 2,013,171.95 100,658.60

MARYLOU TOLENTINO

5,641,298.50 282,064.93 AAAAA 5,641 ,298.50 282,064.93 5,641 ,298.50 282,064.93

MERCEDES JAIME

2,236,575.00 57,118.20 ZZZZ. FFFFF 2,236,575.00 57,118.20 2,236,575.00 57,1 18.20

MICHAEL GO

5,070,009.30 253,500.47 ss 5,070,009.30 253,500.47 5,070,009.30 253,500.47

MILLA REALTY CORP

1,386,203.57 69,310.19 1,386,203.57 69,310.19 1,386,203.57 69,310.1 9 QQ 44.445.03 2,222.25 QQ 61 ,849.05 3,092.45 RR 45,111 .70 2,255.59 RR 62,776.79 3,138.84 ss 45,788.38 2,289.42 ss 63.718.44 3.185.92 TT 46.475.20 2,323.76 TT 64,674.22 3,233.71 w 47.172.33 2,358.62 w 65,644.33 3,282.22 XX 47,879.91 2,394.00 XX 66,628.99 3,331 .45 zz 48.598.11 2.429.91 zz 67,628.43 3,381.42 .. , BBB 49,327 09 2,466.35 ' BBB 68,642.86 3,432.14 DOD 50,067.00 2,503.35 DOD 69,67250 3,483.63 FFF 50,818.00 2.540.90 FFF 70,717.59 3,535.88 HHH 51 ,580.27 2,579.01 HHH 71 ,778.35 3,588.92 JJJ 52.353 97 2,617.70 JJJ 72,855.03 3,642. 75 9 of 14

MIRIAM PENA

204,176.50 4,083.53 GGGGG 204,176.50 4,083.53 204,176.50 4,083.53

MITSUO SATO

1,870,687.47 56,120.62 QQ 1,870,687.47 56,120.62 1,870,687.47 56,120.62

NENA CARMELINA DE ASIS

4,047,950.00 202,397.50 QQ 4,047,950.00 202,397.50 4,047,950.00 202,397.50 NE INC.

3,023,746.48 151,187.32 3,023, 7 46.43 151,187.34 3,023, 7 46.43 151,187.32 QQ 2,426,269. 78 121 ,313.49 RR 48,995.24 2,449.76 ss 49,995.56 2,499.78 TT 51 ,016.30 2,550.82 uu 52,057.89 2,602.89 ww 53,120.73 2,656.04 yy 54,205.28 2,710.28 AAA 55,311 .97 2,765.60 CCC 56,441 .26 2,822.06 EEE 57,593.60 2,879.68 GGG 58,769.47 2,938.47 Ill 59.969.35 2,998.47

OLIVIA & MIGUEL PADILLA

1,963,684.80 58,910.54 HHHHH 1,963,684.80 58,910.54 1 '963,684.80 58,910.54

OSCAR VILLARUZ

1,480,142.40 44,404.27 QQ 1 ,480,142.40 44,404.27 1 ,480,142.40 44,404.27 P.P. STELLA 1,445,548.20 43,366.45 w 1,445,548.20 43,366.45 1,445,548.20 43,366.45

PAULINO PETRALBA

1,279,692.26 38,390.77 w 1,279,692.26 38,390.77 1,279,692.26 38,390.77

PERFECTO QUICHO

2,302,084.08 115,104.20 zz 2,302,084.08 115,104.20 2,302,084.08 115,104.20

PETER GO

2,340,030.00 117,001 .50 Ill 2,340,030.00 117,001.50 2,340,030.00 117,001 .50 OPERARIO 2,340,030.00 117,001 .50 CCC, IIIII 2,340,030.00 117,001.50 2,340,030.00 117,001 .50

RAMON DEE

4,078,259.75 203,912.99 FFF 1 ,078,259. 75 203,912.99 1,078,259.75 203,912.99

RAMON VALENZUELA

633,915.00 19,017.45 ss 633,915.00 19,017.45 633,915.00 19,017.45

RMM CROWN PROPERTIES

825,406.77 41 ,270.33 825,406.77 41,270.33 825,406.77 41,270.33 RR 227,119.48 11 ,355.97 BBB 598,287.29 29,914.36

ROBERT LEE

1,607,700.00 48,231.00 JJJJJ 1,607,700.00 48,231.00 1,607,700.00 48,231.00

ROBERTO CRUZ

959,400.00 28,782.00 CCC 959,400.00 28,782.00 959,400.00 28,782.00

ROGELIO TENG

8,000,000.00 400,000.00 TT 8,000,000.00 400,000.00 8,000,000.00 400,000.00

ROKASA REALTY

438,737.85 13,725.80 457,528.35 , 13,725.80 457,528.35 13,725.80 QQ 17,706.94 531 .21 QQ 17.376.18 521 .29 RR 17,972.54 539.18 RR 17,636.82 529.10 ss 18,242.1 3 547.26 ss 17,901 .38 537.04 TT 18.51576 555.47 TT 18,169.90 545.10 w 18,793.50 563.81 10 of 14 w 18,442.44 553 27 XX 19,075.40 572.26 XX 18,719.08 561 .57 zz 19,361 .53 580.85 zz 18,999.87 570.00 888 19,651 .96 589.56 888 19,284.87 578 55 ODD 19,948.73 598.40 DOD 19.574.14 587.22 FFF 20,245.94 607.38 FFF 19.867.75 596.03 HHH 20,549.62 616.49 HHH 20,165.77 604.97 JJJ 20,857.85 625.74 JJJ 20,468.25 614.05

ROSALIE LIM

1,770,955.00 53,128.65 KKKKK 1,770,955.00 53,128.65 1 '770,955.00 53,128.65

ROSE ISHAK

3,324,483.54 99,734.51 ss 3,324,483.54 99,734.51 3,324,483.54 99,734.51

ROSTONE REALTY

954,712.93 47,735.65 1,052,241.12 52,1 12.06 954,712.93 47,735.65 QQ 73,207.38 3,660.37 RR 74,305.49 3, 715.27 ss 75,420.08 3,771 .00 TT 76,551 .38 3,827.57 w 77,699.64 3,884.98 XX 78,865.14 3,943.26 zz 80,048.12 4,002.41 888 81 ,248.84 4,062.44 DOD 82.467.58 4,123.38 FFF 93,704.56 4,185.23 HHH 84,960.15 4.248.01 JJJ 86,234.55 4,311.73 RR 87,528.21 4,376.41

ROY ROSALES

2,128,200.00 106,410.00 yy 2, 128.~00.00 106,410.00 2,1 28,200.00 106,410.00

RSN REALTY CORP

523,785.88 26,189.29 523,785.80 26,189.29 523,785.80 26,189.29 QQ 74,133.60 3,706.68 RR 37,902.91 1,895.15 ss 38,471 46 1,923.57 zz 26,426.27 1,321 .31 888 174,762.17 8,738.11 DOD 42,066.35 2,103.32 HHH 86,035.16 4,301 .76 JJJ 43,987.88 2.199.39 11 of 14

RUNGRUANG LIACHOOPATIPA

SALLENCY HOMO

SAMSON KEH

SHEN HER REALTY CORP

SISO LAO & JULIET CHAN

SPS. NARTATEZ

SPS TORRES

SPS CO

SPS QUIBILAN

SPS TAGORIO

SPS TIOSECO

SPS SANTIAGO

SPS CHEN

SPS LAPERAL

SPS TAN

SPS AFABLE

SPS CUEVO

SPS FRIAS

SPS SO

SPS MANEBO

SPS MANALOTO

SPS REBANAL

SPS ONG

SPS DEL CARMEN

SPS TIU

SPS LAUREL

SPS DOMINGUEZ

SPS TAYLOR

SPS TOBIAS

SPS SEE

SPS CRUZ

SPS CASTANEDA

SPS LEE

SUSAN DELA CRUZ

SUZETTE CONOL

SYLVIAN SINJIAN

T. & D. JARANTILLA, C. TIROL

VICENTE TIONKO

VICTOR TOBIAS

1,026,000.00 5,633,343.60 4,991 ,877.20 1,780,145.87 5,681 ,933.28 1,335,365.00 1,784,156.78 2,111,815.06 125,622.50 332,336.60 5,675,865.36 1 '133,220.00 5,672,261 .31 2,127,735.00 1,623,127.25 1,863,000.00 5,742,379.40 3,371 ,490.00 2,151,096.00 3,295,170.00 4,957,342.43 3,290,515.19 7,115,600.00 5,517,590.98 6, 758,575.15 1,420,009.21 3,871 ,811 .25 3,070,107.78 68,211 .00 3,604,185.00 1,281 ,934.56 1 '172,259.40 8,114,050.00 1 '766,072. 70 1,026,000.00 1,300,547.50 2,556,360.00 1,023,000.00 1,352,344.90 30,780.00 281 ,667.18 249,593.86 53,404.38 284,096.66 40,060.95 53,524.70 105,590.75 2,512.45 16,616.83 283,793.27 33,996.60 283,613.07 106,386.75 48,693.82 55,890.00 287,118.97 168,574.50 107,554.80 164,758.50 247,867.12 164,525.76 355,780.00 275,879.55 336,928.76 42,600.28 193,590.56 153,505.39 LLLLL MMMMM NNNNN ss AAA ODD ss RR 00000 ppppp RR GGG GGG QQQQQ

RRRR R

sssss TTTTT BBB uuuuu DOD RR TT 1/\f\/\N QQ ss yyyyy RR DOD yy RR 3,410.55 V\f\11/\NWW 180,209.25 BBBBBB 38,458.04 XX 58,612.97 xxxxx 405,702.50 zzzzz 52,982.18 AAAAAA 30,780.00 yy 38,245.50 BBB. UUUU 127,818.00 zz 30,690.00 RR, EEEEEE 40,570.35 QQ , 1,026,000.00 5,633,343.60 4,991 ,877.20 1 ,780,145.87 5,681 ,933.28 1,335,365.00 1, 784,156.78 2,111 ,815.06 125,622.50 332,336.60 5,675,865.36 1 '133,220.00 5,672,261.31 2,127,735.00 1,623,127.25 1,863,000.00 5, 7 42,379.40 3,371 ,490.00 3,371,490.00 (3,371 ,490.00) 2,151 ,096.00 3,295,170.00 4,957,342.43 3,290,515.19 7' 115,600.00 5,517,590.98 6,758,575.15 1,420,009.21 3,871 ,811 .25 3,070,1 07.78 68,211.00 3,604,185.00 1,281 ,934.56 1' 172,259.40 8,114,050.00 1 '766,072. 70 1,026,000.00 1,300,547.50 2,556,360.00 1,023,000.00 1,352,344.90 30,780.00 281 ,667.18 249,593.86 53,404.38 284,096.66 40,060.95 53,524.70 105,590.75 2,512.45 16,616.83 283,793.27 33,996.60 283,613.07 106,386.75 48,693.82 55,890.00 287,118.97 168,574.50 168,574.50 (168,574.50) 107,554.80 164,758.50 247,867.12 164,525.76 355,780.00 275,879.55 336,928.76 42,600.28 193,590.56 153,505.39 3,410.55 180,209.25 38,458.04 58,612.97 405,702.50 52,982.1 8 30,780.00 38,245.50 127,818.00 30,690.00 40,570.35 1,026,000.00 5,633,343.60 4,991 ,877.20 1,780,145.87 5,681 ,933.28 1,335,365.00 1,784,156.78 2,111,815.06 125,622.50 332,336.60 5,675,865.36 1 '133,220.00 5,672,261 .31 2,127,735.00 1,623,127.25 1,863,000.00 5, 7 42,379.40 3,371 ,490.00 2,151,096.00 3,295,170.00 4,957,342.43 3,290,515.19 7,115,600.00 5,517,590.98 6, 758,575.15 1,420,009.21 3,871 ,811 .25 3,070,107.78 68,211 .00 3,604,185.00 1,281 ,934.56 1 '172,259.40 8,114,050.00 1,766,072.70 1,026,000.00 1,300,547.50 2,556,360.00 1,023,000.00 1,352,344.90 30,780.00 281 ,667.18 249,593.86 53,404.38 284,096.66 40,060.95 53,524.70 105,590.75 2,512.45 16,616.83 283,793.27 33,996.60 283,613.07 106,386.75 48,693.82 55,890.00 287,118.97 168,574.50 107,554.80 164,758.50 247,867.12 164,525.76 355,780.00 275,879.55 336,928.76 42,600.28 193,590.56 153,505.39 3,410.55 180,209.25 38,458.04 58,612.97 405,702.50 52,982.18 30,780.00 38,245.50 127,818.00 30,690.00 40,570.35 12 of 14 VICTORIA AQUA SPS. CORP 2,067.24 62.02 QQ 2,067.24 62.02 2,067.24 62.02 VICTORIA AQUA SPS. CORP 792,895.33 23,786.86 cccccc 792,895.33 23,786.86 792,895.33 23,786.86

VIRGILIO CALAGUAS

6,675,059.23 333,752.96 w 6,675,059.23 333,752.96 6,675,059.23 333,752.96 VISUAL MIX, INC.

498,332.20 24,916.63 498,332.20 24,916.63 498,332.20 24,916.63 QQ 38,212.12 1,910.61 RR 38,785.30 1,939.27 ss 39,367.08 1,968.35 TT 39,957.58 1,997.88 w 40,556.95 2,027.85 XX 41 ,165.30 2,058.27 zz 41 ,782.78 2,089.14 BBB 42,409.52 2,120.48 DDD 43,045.67 2,152.28 FFF 43,691 .35 2,184.57 HHH 44,346.72 2,217.34 JJJ 45.011 .83 2,250.59

WANG CHANG SUTSU

2,620,768.17 78,623.05 TT 2,620, 768.17 78,623.05 2,620,768.17 78,623.05

WELMANVILLE DEVT CORP

240,088.17 7,202.65 240,088.37 7,202.65 240,088.37 7,202.65 QQ 18,409.96 552.30 RR 18,686.11 560.58 ss 18,966.40 568.99 TT 19,250.90 577.53 w 19,539.66 586.19 XX 19,832.75 594.98 zz 20,130.25 603.91 BBB 20,432.20 612.97 DDD 20,738.88 622.16 FFF 21 ,049.76 631.49 HHH 21 ,365.51 640.97 JJJ 21 ,685.99 650.58

WERCO HOLDINGS CORP

688,678.27 28,426.30 688,678.27 28,426.30 688,678.27 28,426.30 QQ , 27,564.44 1,378.22 QQ 21 ,323.45 639.70 RR 56,375.49 2,818.77 RR 43,611 .25 1,308.34 ss 28,823.54 1,441 .18 ss 22,297.47 668.92 w 86,159.1 9 4,307.96 w 66,651 .50 1,999.55 XX 31 ,755.12 1,587.76 XX 24,565.29 736.96 13 of 14 BE BE DC De FF FF HE HP WINEFREDA MADARANG 1,643,446.33 49,303.39 DDD YELLOW BUS LINES 6,890,740.00 344,537.00 J Y. MANALOTO & R. VILLAREAL 4,141,140.00 34,234.20 EE YUAN CHENG-YI 2,468,984.65 116,506.50 WW. F:

YUAN HSUEH-HUA 2,602,713.70 124,192.51 WW, GC ZARA CORP 34,664.94 1,039.95 z.

ZOSIMO CARDENAS 2,041,380.00 102,069.00 ul SUBTOTAL P _473,795,305.74_P 19,968,483.83 TOTAL P §69,704,021.74 P 24,763,920.03 LESS: CREDITABLE TAXES WITHHELD WHICH INCOME WAS NOT DECLARED IN PETITI

TOTAL ALLOWABLE CREDITABLE WITHHOLDING TAX

B 61.643 38 3,082.17 B 47,686.42 1,430.59 1D 31,516.90 1,575.85 1D 24,384.01 731.43 F 31,989.66 1,599.48 24,746.73 742.40 IH 32,468.50 1,623.48 IH 25,117.93 753.54 2DD 1,643,446.33 49,303.39 1,643,446.33 49,303.39 1 6,890,740.00 344,537.00 6,890,740.00 344,537.00 E 1.141,140.00 34,234.20 4,141,140.00 34,234.20 FFF FF 2,468,984.65 116,506.50 2,468,984.65 116,506.50 3GGGG 2,602,713.70 121,192.51 2,602,713.70 121,192.51 Z 34,664.94 1,039.95 34,664.94 4,039.95 | 2,041,380.00 102,069.00 2,041,380.00 102,069.00 P 468,976,803.34 P 19,921,203.47 P 468,838,310.23 P 19,914,778.81 P §45,824,977.71 P 23,763,446.35 P §45,164,935.20 P 23,732,301.89 QNER'S ITR 285,348.02 P 23,446,953.87 14 of 14