Chamber of Real Estate & Builders' Associations, Inc.

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Supply shocks may derail 2024 inflation target

Metro Manila (CNN Philippines, January 20) — The government’s baseline inflation forecast for this year could be derailed by supply shocks, particularly surrounding rice, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona said Saturday. “Our baseline forecast for inflation for 2024 is around 4%, 4.2%, not quite within range but close to being within range, […]

VAT exemption ceiling for housing raised to P3.6M

Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. issued Revenue Regulation No. 1-2024 raising the Value-Added Tax (VAT) exemption threshold for the sale of house and lot and other residential dwellings, from PHP 3.199 to PHP 3.6 Million effective 01 January 2024. The regulation served to allay fears from a statement made by […]