January 10, 2020
CERTIFICATE OF TAX EXEMPTION NO. BOI-LEH-011-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that FIESTA COMMUNITIES, INC., with Taxpayer Identification Number 000-000-000-000, is exempt from income tax and creditable withholding tax on its income received directly in connection with its economic and low-cost housing project, Fiesta Communities, Inc. — Porac II-C, consisting of 122 house and lot units used solely for family home or dwelling purposes, located at Brgy. Manibaug-Paralaya, Porac, Pampanga, a project duly registered with the Board of Investments (BOI) under Registration No. 2018-198 dated September 20, 2018, for a period of 3 years beginning from September 20, 2018 to September 19, 2021, pursuant to Executive Order No. 226, otherwise known as the "Omnibus Investments Code of 1987" and Section 2.57.5 (B) (2) of Revenue Regulations No. 2-98, as amended.
Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and below, or house and lot and other residential dwellings valued at P3,199,200.00 and below, is VAT-exempt under Section 109 (1) (P) of the 1997 Tax...
