December 8, 2009
BIR RULING [SH-(125) 757-09]
RR 11-97/RA 7279; S-20-003-2007 dtd. 01-10-07
Reyes Francisco & Associates Law Office
Unit 1710 Cityland 10 Tower 1
H.V. dela Costa Street, Salcedo Village
Makati City
Attention: Pastor M. Reyes, Jr.
Gentlemen :
This refers to your letter dated June 04, 2009 requesting on behalf of your client, Suneast Resources & Development Corp., for exemption from project-related income taxes, capital gains tax/expanded withholding tax and value-added tax (VAT) pursuant to the provisions of Republic Act (RA) No. 7279 or the "Urban Development and Housing Act of 1992".
Documents submitted show that Suneast Resources & Development Corp. is a corporation duly registered with the Securities and Exchange Commission (SEC) under SEC Registration No. CS200417914 dated November 11, 2004 with office address at Unit 7 Facilities Center, 548 Shaw Blvd., Mandaluyong City; that it is engaged in the business of housing and land development projects; that you have at present a project known as the Suburban Villas Phase 1 and 2 situated in Suburban Heights Subdivision, Cainta, Rizal; and that it is duly registered with the Housing and Land...
