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

📆 7/1/2019 5:00 PM
📰 manilabulletin

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines