Housing Projects Go On A Holiday!

In notable news today, the Bureau of Investments (BoI) has approved six housing projects with combined investments of P1.731 billion for income tax holiday (ITH) privileges, as provided under Article 39(a) of Executive Order (EO) 226, as amended by Republic Act (RA) 7918.  The BoI grants ITH as an incentive for Filipino investors to keep their investments in the country, and for foreign investors to invest in the Philippines.  The approved housing projects are from Masaito Development Corporation (Vallejo Place Phase 4, Imus, Cavite),  DMCI Project Developers Inc. (Cedar Crest, Taguig City), CHMI Land Inc. (Kassel Residences, Parañaque City), St. Francis Ventures (San Fransisco Homes, Pulilan, Bulacan), Johndorf Ventures Corp., and Kenrich Development Corp.

It pays to apply for ITH as it can give you substantial savings, especially when you're plunking in millions in investments.  Everybody's a winner!  It may be a little tough to wade through all the requirements, but I think the gains are well worth it.


I need a holiday,
Jon