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BIR removes NHA tax exemption

Manila, Philippines – The Bureau of Internal Revenue (BIR) has withdrawn the tax exemption privileges granted to the government-owned National Housing Authority (NHA) on selected transactions, it was learned yesterday. BIR Commissioner Kim S. Jacinto-Henares said the tax exemption status of the NHA is still retained if the lots it sold is considered part of the socialized housing... 

Payatas housing

Manila, Philippines – Quezon City officials and representatives of the private sector yesterday led the groundbreaking ceremony and time capsule-laying in a 1.5 hectare land in Barangay Payatas where a low-cost housing project will benefit 382 displaced families. Mayor Herbert Bautista cited the partnership of Habitat for Humanity and JP Morgan Chase and Company with the city government...