June 24, 2020
CERTIFICATE OF TAX EXEMPTION NO. BOI-342-20
CERTIFICATE OF TAX EXEMPTION
TO WHOM IT MAY CONCERN :
This certifies that HOUSEHOLD DEVELOPMENT CORPORATION with Tax Identification Number (TIN) 000-000-000-000, is exempt from income tax and creditable withholding tax on its income received directly in connection with its low cost mass housing project, Camella del Rio — BF Resort Village, Barangay Talon Dos, Las Piñas City consisting of 111 housing units and lot units used solely for family home or dwelling purposes located at Barangay Talon Dos, Las Piñas City, a project duly registered with the Board of Investments (BOI) under Registration No. 2013-174 dated August 22, 2013, for a period of 3 years beginning from August 2013 or actual start of commercial operation/selling, whichever is earlier, but in no case earlier than the date of registration of the project with the BOI, 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 2-98, as amended.
Moreover, the sale by the Company of residential lots valued...
