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October 9, 2009BIR RULING [SH-(095) 632-09]20 (d) RA 7279; S-20-020-2007National Housing AuthorityQuezon Memorial Elliptical RoadDiliman, Quezon CityAttention: Ms. Lorna M. SeraspeOfficer-in-ChargeVisayas Management OfficeGentlemen :This refers to your letter dated October 5, 2009 requesting on behalf of your contractor, ISH Construction, Inc., for exemption from project-related income taxes, expanded withholding tax and value-added tax (VAT) pursuant to the provisions of Republic Act (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992". It is represented that a Contract for the Land Development of the San Isidro Resettlement Project was executed between the National Housing Authority and ISH Construction, Inc., as the contractor; that the Land Development of the San Isidro Resettlement Project, located in Barangay San Isidro, Jaro, Iloilo City involves the following works: survey works, general roadworks, drainage works and water supplies; and that the Land Development of the San Isidro Resettlement Project was certified by the National Housing Authority as a socialized housing project.In reply, please be informed that pertinent portion of Section 20 of RA No. 7279 reads:"Sec. 20. ...