February 25, 2009
BIR RULING [SH-(015) 153-09]
RR 11-97/RA 7279; S-20-003-2003
Steel Building Systems and Technologies, Inc.
429 M. Martinez St., Plainview
Mandaluyong City
Attention: Mr. Demetrio L. Posadas
President
Gentlemen :
This refers to your letter dated April 2, 2008 requesting in effect, for exemption from taxes pursuant to the provisions of Republic Act (RA) No. 7279 or the "Urban Development and Housing Act of 1992". EIASDT
Documents submitted show that Steel Building Systems and Technologies, Inc. with Tax Identification No. (TIN) 226-600-821-000 is a corporation duly organized by virtue of Philippine laws. It is the project developer of Tierra Benita Subdivision located at Brgy. Muzon, San Jose del Monte City, Bulacan with an area of 4.5077 has. under Certificate of Registration No. 20003 and License to Sell No. 21111 issued by the Housing and Land Use Regulatory Board (HLURB) Region III on September 12, 2008. ETDHaC
In reply, please be informed that Section 20 of RA No. 7279, reads:
"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...
