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New Land Conversion Rules to Boost Economic Recovery

The Department of Agrarian Reform (DAR) recently announced major changes in its land conversion policies and rules in order to facilitate economic recovery in the wake of the COVID pandemic. DAR Undersecretary for Legal Affairs Luis M. Pangulayan outlined the changes during a webinar sponsored by CREBA on 25 November

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BIR Amends VAT Exemption Rule

The VAT exemption threshold for the sale of house and lot packages and other residential dwellings is now at P3,199,200.00, applicable beginning 01 January 2021 per Bureau of Internal Revenue (BIR) RR 08-2021 dated 11 June 2021. The new regulation amends RR 04-2021 dated 08 April 2021, which pegged the

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P26.7-B IPO of Robinsons REIT OK’d

The Philippine Stock Exchange (PSE) has approved an initial public offering worth as much as P26.7 billion to be launched this month by RL Commercial REIT Corp. (RCR), the real estate investment trust (REIT) sponsored by Robinsons Land Corp. (RLC). Based on the latest timetable, RCR’s offer period would run

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