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...
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...
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...
