May 26, 2020
CERTIFICATE OF TAX EXEMPTION NO. PSH-270-20
CERTIFICATE OF TAX EXEMPTION
TO ALL WHOM IT MAY CONCERN :
This certifies that SUMMERHILLS HOME DEVELOPMENT CORP. with Taxpayers Identification Number (TIN) 000-000-000-000, is exempt from income tax and creditable withholding tax (CWT) pursuant to Section 20 (d) (1) of Republic Act (RA) No. 7279, as amended by RA No. 10884 (Balanced Housing Development Program Amendments) dated July 17, 2016, on its income received directly in connection with its sale of socialized house and lot units for residential and dwelling purposes to qualified beneficiaries in Primerarosa Residences, consisting of 1,973 house and lot units and 1 lot, located at Brgy. Sta. Teresita, Sto. Tomas, Batangas, a project duly registered with the Housing and Land Use Regulatory Board (HLURB) under Certificate of Registration No. 27734 and License to Sell No. 031418, provided that the selling price of said units does not exceed P450,000.00 per house and lot and P180,000.00 per lot only. 1 HTcADC
Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and below, or house and...
