Tag Archives: public-private partnership

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 ...

Samal City: world-class tourist destination

BusinessWeek Mindanao
By Joe Palabao
May 11, 2011

ISLAND Garden City of Samal––Tourism Project: Visit Samal Island is a three-month summer tourist escapades for all foreign and domestic tourists and enjoy bundle of benefits and world-class amenities offered by the 27 beaches and inland resorts of the enchanted Island Garden City of Samal (IGACOS) from March 2011 to May 2011.

Through a public, private partnership (PPP), the Department of Tourism in Region 11, with the able leadership of Regional Director Art Boncato Jr., the local government of Samal with its dynamic local executive, Mayor Aniano P. Antalan and the Samal Tourism Council innovative chairman Dr. Austerio “Bebot” Obenza bring to the “World of Tourism” the first-ever Samal Visit Island Project to attract more tourists to visit the island.… Continue Reading ...

Computerization to eradicate persistent problem of fake land titles

The Philippine Star
By Rainier Allan Ronda
November 2, 2010

MANILA, Philippines – The full computerization of the country’s land registration system under the ongoing Land Titling Computerization Project (LTCP) of the Land Registration Authority (LRA) is expected to finally solve the problem of fake land titles.

This was the consensus of stakeholders from the land and property industry, including banks, that gathered in a Land Registration Summit conducted to tackle the persistent problem of the proliferation of fake titles and to press the call for a faster, more efficient, and secure land registration process.

Carrying the theme “Challenges in Transition: Technology and Re-engineered Business Processes”, the summit was held to initiate cooperation among various interest groups such as banking industry, realtors’ associations, the Home Development Mutual Fund or Pag-IBIG, the LRA and the Department of Environment and Natural Resources (DENR), and to provide a venue for all concerned to raise and settle legitimate issues.… Continue Reading ...