EO 88 (s. 2019) — IPP BOT RPT Condonation, CY 2018

Status: operative
Confidence: high
Effective date: 2019-08-13

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

Signed: August 13, 2019 | President: Rodrigo Roa Duterte

Scope and Coverage

Geographic scope: Nationwide [EO 88, s. 2019, §1, 2019-08-13].

CY covered: All years up to CY 2018 [EO 88, s. 2019, §1, 2019-08-13].

Key Provisions

§1 — Reduction: RPT liabilities reduced to 15% of FMV depreciated at 2%/yr; interests condoned [EO 88, s. 2019, §1, 2019-08-13].

§2 — Rollover: Excess payments applied to future RPT liabilities [EO 88, s. 2019, §2, 2019-08-13].

Notes

Structurally identical to EO 60 (s. 2018); no substantive new provisions. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy