May 26, 2010
BIR RULING [SH-(008) 029-10]
Sec. 20 of RA 7279; BIR Ruling No. 104-96; n BIR Ruling No. [SH(013)128-09]
National Housing Authority
Quezon Memorial Elliptical Circle
Diliman, Quezon City
Attention: Arch. Virginia R. Domingo
Manager
Southern Luzon and Bicol Region
Gentlemen :
This refers to your letter dated December 21, 2009 requesting in behalf of M.Y. Reyes Builders & Development Corporation, for exemption from the payment of project-related taxes particularly the value-added tax pursuant to Republic Act (R.A.) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992."
It is represented that M.Y. Reyes Builders & Development Corporation with TIN 201-792-849-000 is the contractor of the socialized housing project of the National Housing Authority under the Livelihood, Production and Training Center at Southville 4 Housing Project, Brgy. Caingin, Sta. Rosa, Laguna.
In reply, please be informed that Section 20 of RA No. 7279 provides as follows:
"Sec. 20. Incentives for the Private Sector Participating in Socialized Housing. — To encourage greater private sector participation in socialized housing and further reduce the cost of housing units for the benefit of the underprivileged and...
