By Louella D. Desiderio (The
Philippine Star) | Updated January 18, 2014 - 12:00am
MANILA, Philippines - Communities Naga
Inc., a subsidiary of the country’s largest home builder Vista Land and
Lifescapes, Inc. is seeking incentives for two housing projects.
The Board of Investments (BOI) said in
a published notice “Communities Naga, Inc.,…is applying for registration with
the BOI as a new developer of low cost mass housing project (Camella Legazpi
Subdivision) with a total capacity of 148 housing units on a non-pioneer
status.”
In a separate notice, the BOI said
Communities Naga has likewise filed an application for registration with the
agency as a new developer of low cost mass housing project Lessandra Legazpi
Subdivision which has a total capacity of 364 housing units on a non-pioneer
status.
Both housing projects are located in
Brgy.Puro in Legazpi City.
Communities Naga will be entitled to
income tax holidays as well as other fiscal and non-fiscal perks for the two projects
if both applications are approved by the BOI.
The BOI is offering incentives to
firms to encourage them to invest in economic activities being promoted by the
government.
Every year, the BOI comes up with a
list of activities which can qualify for incentives through the Investment
Priorities Plan (IPP).
The 2013 IPP has identified mass
housing as a preferred activity.
Other preferred activities listed in
the 2013 IPP are agriculture or agribusiness and fishery; creative industries
or knowledge-based services; shipbuilding; iron and steel; energy;
infrastructure; research and development; green projects; motor vehicles; strategic
projects; hospital or medical services; and disaster prevention, mitigation and
recovery projects.
Communities Naga is under Communities
Philippines, Inc., a business unit of Vista Land.
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