PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
PRESIDENTIAL DECREES
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PRESIDENTIAL DECREE NO. 1922 -
EXEMPTING THE NATIONAL HOUSING AUTHORITY FROM THE PAYMENT OF ALL TAXES,
DUTIES, FEES AND OTHER CHARGES
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| WHEREAS,
the programs and projects of the National Housing Authority are for
marginal and low-income groups of our people; WHEREAS, taxes, fees and special assessments, whether local or general, constitute a significant component of the costs being charted to project beneficiaries; WHEREAS, there is a need to institute every possible means of reducing costs so that such Projects shall be more affordable to their beneficiaries; WHEREAS, all the predecessor housing agencies that were abolished and whose functions were taken over by the National Housing Authority under Presidential Decree No. 757 were tax exempt; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution of the Philippines, do hereby order and decree: Section 1.chanroblesnad The provision of law to the contrary notwithstanding the National Housing Authority is hereby exempted from the payment of any and all fees and taxes of any kind; whether local or general, such as income and realty taxes, special assessments, customs duties, exchange tax, building fees, and other taxes, fees and charges Sec. 2.chanroblesnad All documents or contracts executed by or in behalf of the National Housing Authority shall also be exempt from the payment of documentary stamp tax and registration fees, including fees for the issuance of titles. Sec. 3.chanroblesnad All taxes remaining unpaid by the National Housing Authority up to the signing of this Decree are hereby condoned. Sec. 4.chanroblesnad This Decree shall take effect immediately. Done in the City of Manila, this 6th day of May, in the year of Our Lord, nineteen hundred and eighty-four. |
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Since 19.07.98.
