BIR Ruling No. 327-2018

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE Quezon City

Certificate _Tox Exemption No:

CERTIFICATE OF TAX EXEMPTION

TO ALL WHOM IT MAY CONCERN:

.(B) (2) of Revenue Regulations (RR) No. 2-98, as amended. No. 226, otherwise known as the "Omnibus Investments Code of 1987", and Section 2.57.5 earlier than the date of registration of the project with the BOI, pursuant to Executive Order withholding tax on its income received directly in connection with its project, Fiesta Communities -- Porac II-A and II-B, consisting of 1,166 units located at Brgy. Manibaug- Paralaya, Porac, Pampanga, a project duly registered with the Board of Investments (BOI) under Registration No. June 2016 or actual start of commercial operations/selling, whichever is earlier, but in no case Identification Number This certifies that FIESTA COMMUNITIES INCORPORATED with Tax dated June 17, 2016, for a period of 3 years beginning from is exempt from income tax and creditable

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 Code, as amended. Moreover, the sale by the Company of residential lot valued at P1,919,500.00 and

documents as represented and submitted. However, if upon investigation, the BIR ascertains that the facts are different, then this Certificate shall be considered null and void. applicable BIR rules and regulations and the Terms and Conditions stated at the back hereof. The Company is liable, however, to all other applicable taxes not enumerated above. Issued this This Certificate of Tax Exemption is being issued on the basis of the facts and The grant of tax exemption herein is subject to the compliance with the provisions of day of MAR 0 7.2018-

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K-1 ASB Commissioner of. Internal Revenue CAESAR R. DULAY 014071