Tag Archives: national housing authority

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 ...

House okays bill allowing disposition of government-owned lands for socialized housing

The Philippine Star
By Paolo S. Romero
June 20, 2011

MANILA, Philippines – The House of Representatives has approved on third and final reading a bill allowing the disposition of government-owned lands for socialized housing projects for poor Filipinos to address the country’s housing problem.

Passed was House Bill 4578 or the “Idle Government-Owned Lands Disposition Act of 2011,” which mandates the Local Government Units (LGUs) to undertake urban development and housing projects for the benefit of the underprivileged and homeless citizens.

Under the measure, 10 percent of government-owned lands to be sold, alienated and encumbered for development purposes shall be segregated or allocated for socialized housing projects.

The bill directs the conveyance of the segregated land or fund to the National Housing Authority (NHA), for lands owned by the national government intended for the development of socialized housing projects.… Continue Reading ...