January 24, 2020
CERTIFICATE OF TAX EXEMPTION NO. BOI-LEH-016-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that MCGREGOR DEVELOPMENT CORPORATION, with Taxpayers 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 (horizontal), Windsor Heights, consisting of 207 house and lot units used solely for family home or dwelling purposes located at Brgy. Mabuhay, General Santos City, a project duly registered with the Board of Investments (BOI) under Registration No. 2017-107 dated May 2, 2017, for a period of 4 years beginning from October 2017 or actual start of commercial operations/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 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...
