December 17, 2009
BIR RULING [SH-(134) 795-09]
S-20-011-03
New San Jose Builders, Inc.
20/F President Tower
81 Timog Avenue
Quezon City
Attention: Mr. Felicisimo P. Isidro
President
Gentlemen :
This refers to your letter dated November 20, 2009 requesting for exemption from the payment of whatever taxes as a developer of properties applied for socialized housing project pursuant to Republic Act (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992."
It appears that on November 26, 2009, New San Jose Builders, Inc. as the Landowner/Developer, is a corporation organized and existing under the laws of the Philippines, Southville 6 Homeowners Association (Association), a non-stock, non-profit organization duly registered with the Housing and Land Use Regulatory Board (HLURB) and the National Housing Authority (NHA), as the Authority, have entered into a Memorandum of Agreement (MOA), to ensure the timely, peaceful and orderly relocation and resettlement of families affected by the North-South Rail Linkage Project of the South Luzon Railways Corporation (SLRC), Administrative Order No. 111 dated November 8, 2004 was issued designating the NHA as lead agency in the implementation of...
