November 13, 2009
BIR RULING [SH-(109) 709-09]
S-20-028-07
Jukens Builders and Trade
Room 209-2/F Paragon Office Suites
RN Pelaez Blvd.
National Highways, Kauswagan
Cagayan de Oro
Attention: Mr. Joelito J. Talaid
Proprietor
Gentlemen :
This refers to your letter dated October 20, 2009 requesting for a ruling that as a project developer of socialized housing project under Republic Act (RA) No. 7279, otherwise known as the Urban Development and Housing Act of 1992, it is exempt from the payment of project related income taxes, value-added tax (VAT) and the capital gains tax.
It is represented that Jukens Builders & Trade is a single proprietorship duly registered with the Department of Trade and Industry; that a Certificate of Registration No. 18904 and License to Sell were issued by the Housing and Land Use Regulatory Board (HLURB) for the Fatima West Plain Subdivision located at Pagatpat, Cagayan de Oro City; and that on November 12, 2009, a Certification was issued by the HLURB that the above-mentioned properties are intended for socialized housing project under RA No. 7279;
In reply thereto, please be informed that pertinent portion of Section 20...
