Tag Archives: land use

BIR to expedite tax exemptions for socialized-housing land transfers

BusinessWorld Online
November 04, 2016

CERTIFICATES of Tax Exemption (CTEs) covering the transfer of land intended for use in government socialized housing projects will be prioritized by the Bureau of Internal Revenue (BIR), under an agreement signed with housing regulators.

The memorandum of agreement (MoA) was signed by the bureau, the Housing and Urban Development Coordinating Council (HUDCC) and the National Housing Authority (NHA).

BIR Commissioner Caesar R. Dulay, Vice-President and HUDCC Chairperson Maria Leonor G. Robredo and NHA Acting General Manager Marcelino P. Escalada, Jr., signed the MoA on the availment of tax incentives for government socialized housing projects, the BIR said in a statement e-mailed to reporters.

The MoA is pursuant to Republic Act (RA) No. 7279, or the “Urban Development and Housing Act of 1992,” which mandates that the NHA be exempted from the payment of fees and charges of any kind, including income and real estate taxes.… Continue Reading ...

New official map of Mindanao out soon

Germelina Lacorte
Inquirer Mindanao
November 14, 2012

DAVAO CITY, Philippines—A new official map of Mindanao, which will replace the old version in use for the last 50 years, will soon be released and is seen as a support document for the peace process, the Mindanao Development Authority (Minda) said in a statement.

Luwalhati Antonino, Minda chair, said the new topographic map of Mindanao, made on a scale of 1:50,000 compared with the scale of 1:200,000 of the old map drawn in 1960s, is already on the final stage of its completion and is expected to be rolled out this year.

The map was undertaken by Minda along with the National Mapping and Resource Information Authority (Namria) and the Japan International Cooperation Agency (Jica).… Continue Reading ...