The Department of Human Settlements and Urban Development (DHSUD) is studying the possible classification of economic housing as corporate income tax (CIT)-exempt mass housing under Batas Pambansa Bilang 220 with the Department of Trade and Industry-Bureau of Investments (DTI-BOI). In a statement on Sunday, DHSUD Secretary Jose Ramon Aliling said their proposed study seeks to place economic housing projects under a clearer, rules-based, and more predictable tax incentive framework comparable to socialized housing.
Source: DHSUD, DTI-BOI in talks for possible corporate income tax exemption on economic housing
