Tag page - RPT

Power Sector Assets and Liabilities Management Corporation (PSALM) paid P517.707 million tax obligations in a compromise deal with the Bureau of Internal Revenue (BIR) ,ending their decades-long tax disputes. The government-run power firm said the tax remittance covered the years from 2006 to 2016,...

The newly issued Executive Order No. 157 will significantly reduce the real property tax (RPT) obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for its power supply deals to P200 million from P1.019 billion. "PSALM’s 2021 RPT obligations amounting to...

The Department of Finance (DOF) expects revenues from real property tax (RPT) would accelerate as local government units (LGUs) enhance their digital tools to strengthen local property valuation and tax collections. In a statement, Finance Secretary Carlos G. Dominguez III said on Tuesday, June 22,...

The Energy Regulatory Commission (ERC) has approved the integration of pass-through taxes in the electric bills that will be dispatched by distribution utilities (DUs) to their customers. In a recently issued resolution, the regulatory body has allowed the pass-on of taxes being levied to private...