June 25, 2020
CERTIFICATE OF TAX EXEMPTION NO. BOI-LEH-349-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that PROPERTY COMPANY OF FRIENDS, INC., with Tax 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, MICARA ESTATE TANZA PHASE 5, consisting of 939 house and lot units used solely for family home or dwelling purposes, located at Brgy. Sahud Ulan, Tanza, Cavite, a project duly registered with the Board of Investments (BOI) under Registration No. 2019-279 dated December 18, 2019, for a period of three (3) years beginning from December 2019 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. HTcADC
Moreover, the sale by the Company of residential lots valued at P1,919,500.00 and below, or...
