ILOILO CITY — Militant groups have opposed the 300-percent real property tax (RPT) increase in this city. They called the move “unjust” and “anti-poor” during a rally on Tuesday, Sept. 2, at Plazoleta Gay, at the heart of the old business district here. They claimed that 519 local...
ILOILO CITY – Former Finance Secretary Jesus “Jess” Estanislao suggested a gradual implementation of the 300 percent hike in real property tax (RPT) here. “The way it is implemented, I would structure it is that it would not be 300 percent in one year,” Estanislao said. “It could be...
ILOILO CITY — After taking the Iloilo City government to the Supreme Court (SC), the Riverside Group of Companies warned that excessive hike in real property tax (RPT) is destructive to the economy. “It will run Iloilo City’s economy to the ground,” warned Atty. Martin Pison, stockholder...
ILOILO CITY – A petition has been filed before the Supreme Court (SC) questioning the Iloilo City government’s astronomical 300 percent real property tax (RPT) increase that the past and present Treñas administrations are pushing for full implementation by 2026. The Riverside Group of...
ILOILO CITY — After Mayor Raisa Treñas-Chu publicly lashed out, the Philippine Statistics Authority (PSA) in Western Visayas retracted its analysis while blaming the media for alleged wrong reporting on the impact of real property tax (RPT) tax hike on inflation. The PSA-6’s change of tone...
ILOILO CITY—Neophyte Mayor Raisa Treñas-Chu was irked as she defended the 300 percent increase in real property tax (RPT) pushed by her father and predecessor former Mayor Jerry Treñas. Chu was visibly angry on Monday, Aug. 18, when media asked for reaction after the Philippine Statistics...
Makati City Councilor Martin Arenas said on Tuesday, July 29, that the councilors from the majority bloc of the Makati City Council will oppose any attempt by Mayor Nancy Binay to increase Real Property Taxes (RPT) in the city. Arenas made the statement following Binay 's alleged unannounced...
The Makati City Hall The Makati City government has approved a landmark ordinance that will lower existing real property tax rates on all classes of land in the city effective Jan. 1, 2025, Makati City Mayor Abby Binay announced on Monday, March 31. It is the biggest tax reduction and...
President Marcos has authorized the reduction and condonation of real property taxes and penalties on power generation facilities of Independent Power Producers (IPPs) under build-operate-transfer contracts with Government-Owned-or-Controlled Corporations (GOCCs). (Noel Pabalate/MANILA BULLETIN)...
ILOILO CITY – This city has extended the 40 percent property real tax discount until 2026 amid a 300 percent increase in real property tax here. “Taxes remain the lifeblood of government operations. While this adjustment aims to ease the financial burden on taxpayers, we appeal to everyone to...
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...
