Investors’ earnings in low-cost housing projects exempted from income tax – Court of Tax Appeals

📆 01/07/2019 20:00:00
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Earnings of investors participating in the government's low-cost housing projects are exempted from income tax.

Earnings of investors participating in the government’s low-cost housing projects are exempted from income tax.

The CTA’s Special First Division said it was wrong for the BIR to classify the bonds’ yield as a form of deposit substitutes under Section 22 of the Tax Code.

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