EO 19 (s. 2017) — IPP BOT RPT Condonation, CY 2015–2016

Full title: Reduction and Condonation of Real Property Taxes and Interests/Penalties Assessed on the Power Generation Facilities of Independent Power Producers Under Build-Operate Transfer Contracts With Government-Owned or -Controlled Corporations

Signed: April 27, 2017 | President: Rodrigo Roa Duterte

Scope and Coverage

Geographic scope: Nationwide [EO 19, s. 2017, §1, 2017-04-27].

CY covered: CY 2015 and CY 2016 — covers the gap years between EO 173 (2014) and the start of the Duterte administration [EO 19, s. 2017, §1, 2017-04-27].

Key Provisions

§1 — Reduction: RPT liabilities for 2015–2016 reduced to 15% of FMV depreciated at 2%/yr; interests condoned [EO 19, s. 2017, §1, 2017-04-27].

§2 — Rollover: First EO in series to include an excess-payment provision — overpayments above the reduced amount applied to future RPT liabilities [EO 19, s. 2017, §2, 2017-04-27].

§3–§6 — Compliance, Repeal, Separability, Effectivity: Standard 6-section structure established here and carried forward in all subsequent Duterte EOs [EO 19, s. 2017, §§3–6, 2017-04-27].

Notes

First Duterte-era condonation EO; introduced the excess-payment rollover provision (§2) not present in Aquino-era EOs. Covers two calendar years in a single EO, bridging the transition between administrations. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy