ABS-CBN
BIR streamlines processing of tax breaks for socialized housing projects
The Bureau of Internal Revenue (BIR) has simplified the requirements for developers of socialized and economic housing to obtain tax exemptions.
Developers can now secure this benefit by submitting a certification from the Housing and Land Use Regulatory Board (HLURB).
This new procedure, outlined in Revenue Memorandum 048-2025, aims to expedite the construction of low-cost homes.
The memorandum emphasizes the BIR's role in streamlining tax-related processes for housing development.
It also introduces an electronic one-stop shop (eHOPC) platform to further enhance processing efficiency.
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