Senator Sherwin Gatchalian The enactment of the Real Property Valuation and Assessment Reform Act (RPVARA) will provide reprieve for delinquent taxpayers of real property tax, Senator Sherwin Gatchalian said on Saturday, June 15. Gatchalian was...
The Department of Finance (DOF) said the Real Property Valuation and Assessment Reform Act (RPVARA) will enable local government units (LGUs) to achieve financial independence. In a statement, Finance Secretary Ralph G. Recto said the RPVARA, also known as Republic Act No. 12001, will overhaul the...
Since the beginning of the year, 90 percent of my clients have been from abroad, placing their trust in their realtors in the Philippines and purchasing properties without being physically present. Recently, there have been reports about some developers failing to meet the expected timelines for...
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte says the newly-signed Real Property Valuation and Assessment Reform Act (RPVARA) will generate higher revenue for local government units...
President Marcos has signed the Real Property Valuation and Assessment Reform Act (RPVARA), raising concerns among property owners about its potential impact on their yearly property taxes, often referred to as "Amilyar." Addressing these worries, Finance Secretary Ralph G. Recto swiftly...
President Marcos has signed into law the Real Property Valuation and Assessment Reform Act (RPVARA) which improves the country's outdated valuation system. The new law—Republic Act No. 12001— was one of the two measures Marcos signed on Thursday, June 13. Marcos said the RPVARA is expected to...
Senate President Pro Tempore Jinggoy Ejercito Estrada is pushing for the revision and updating of the scope of the country's intellectual property code to help against Philippine cinema's greatest threat — piracy. In filing Senate Bill 2150, which aims to amend the Intellectual Property Code...
For lack of jurisdiction, the Court of Tax Appeals (CTA) has denied the petition filed by the National Food Authority (NFA) which sought to suspend the collection of the P143 million real property tax (RPT) levied against it by the Cabanatuan City government in Nueva Ecija. The NFA filed its...
After a successful wrap at the TriNoma Activity Center in Quezon City, Lamudi takes its much-awaited Property Fair to Cebu. The country’s top developers get the chance to showcase their projects, connect with property seekers, and help Filipinos find their dream homes. Lamudi Property Fair 2024...
With technology advancing rapidly, utilizing it for marketing in real estate is essential. Social media and virtual reality revolutionize property marketing, offering immersive experiences from the comfort of one's home. Yet, traditional methods remain effective. Manning, flyering, and open houses...
It’s been half a decade since I have been practicing my profession as a realtor here in the Philippines. I can say that I entered the golden age of infrastructure in our country. I always mention this, but even during the pandemic, market value still appreciates in real estate. In Luzon alone,...
A citizens’ rights group reiterated its call for the Senate to expedite the passage of anti-online piracy bills. "The inertia of delayed legislation casts a shadow upon progress, stifling the very essence of justice and societal advancement," said CitizenWatch Philippines co-convenor Tim Abejo....
