Tag: socialized and low-cost housing

Senate to carefully study DOF proposal to lift VAT exemptions on socialized, low-cost housing

QUEZON City, Philippines (Eagle News) — The head of the ways and means committee in the Senate said they would  carefully examine the proposal of the Department of Finance to lift value-added tax (VAT) exemptions on socialized and low-cost housing, noting that doing so could exacerbate the existing “housing backlog.” “Medyo tingin ko baka dapat pag-isipin mabuti ng ating DOF at ating mga mambabatas kung kailangan lagyan ng VAT yung socialized and low-cost housing dahil […]