DHSUD, DTI-BOI explore tax break for economic housing projects

The Department of Human Settlements and Urban Development (DHSUD) is collaborating with the Department of Trade and Industry-Bureau of Investments (DTI-BOI) to explore the possibility of granting corporate income tax (CIT) exemption to economic housing projects.

This initiative aims to provide economic housing with a clearer, rules-based, and more predictable tax incentive framework, similar to that of socialized housing.

The study is intended to support the government's objective of increasing access to affordable housing and streamlining regulations for priority sectors, especially the working class.

DHSUD Secretary Jose Ramon Aliling emphasized that a clear and fair system for economic housing will expedite the response to housing needs and enhance private sector confidence.

This effort aligns with President Marcos Jr.'s directive for a "whole-of-government approach" to promote decent, safe, and affordable housing for Filipinos.