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RMC No. 46-2006: Publishes the full text of Urban Development Coordinating Council Memorandum Circular No. 03, Series of 2005

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Summary

RMC No. 46-2006 publishes the full text of HUDCC Memorandum Circular No. 03, Series of 2005, and Memorandum Circular No. 03-A, Series of 2005, on the revised definition of housing loan ceilings and packages.

Key points

  1. Revised ceiling. The first Circular changed the Socialized Housing Loan/Price Ceilings from P 225,000 to P 300,000. Circular No. 03-A clarifies the provision of Circular No. 03.
  2. Tax incentives continue. The tax incentives and privileges under Section 4b of RR No. 9-93, as implemented by the BIR, continue to be granted.

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.