Special Recognition Sought for CDIA
September 7, 2011
House Representatives Jerry Treñas (Lone District, Iloilo City) and George Arnaiz (2nd District, Negros Oriental) are seeking tax-exempt status for CDIA. Both Representatives pointed out that the non-profit nature of CDIA and its objectives qualifies CDIA for tax exemption in the Philippines.
House Bill 3816 proposes to exempt CDIA or its successors from the payment of gift, franchise, specific, percentage, real property, exchange, import, export, and other taxes provided under existing laws and ordinances.
You may read the full article at this link: House of Representatives Philippines