MANILA, Dec. 23 -- Streamlining of tax exemption application process for socialized and economic housing will help boost development of housing projects for low-income households, Finance Secretary Frederick Go said Monday.

In a statement, Go said the move of the Bureau of Internal Revenue to streamline the processes for tax exemption for these projects is aimed at enhancing efficiency and ease of doing business.

"I fully support the BIR in this effort, as it is my commitment to enhance the ease of doing business for our partners in development. This way, we can provide more affordable homes for low-income Filipino families," he said.

A proposed Joint Memorandum Circular (JMC) is set to be issued by the Department of Human Settlements...