EO 60 (s. 2018) — IPP BOT RPT Condonation, CY 2017

Status: operative
Confidence: high
Effective date: 2018-07-25

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

Signed: July 25, 2018 | President: Rodrigo Roa Duterte

Scope and Coverage

Geographic scope: Nationwide [EO 60, s. 2018, §1, 2018-07-25].

CY covered: All years up to CY 2017 [EO 60, s. 2018, §1, 2018-07-25].

Key Provisions

§1 — Reduction: RPT liabilities reduced to 15% of FMV depreciated at 2%/yr; interests condoned [EO 60, s. 2018, §1, 2018-07-25].

§2 — Rollover: Excess payments above reduced amount applied to future RPT liabilities [EO 60, s. 2018, §2, 2018-07-25].

Notes

Structurally identical to EO 19 (s. 2017); no substantive new provisions. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy