EO 117 (s. 2020) — IPP BOT RPT Condonation, CY 2019

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: July 24, 2020 | President: Rodrigo Roa Duterte

Scope and Coverage

Geographic scope: Nationwide [EO 117, s. 2020, §1, 2020-07-24].

CY covered: All years up to CY 2019 [EO 117, s. 2020, §1, 2020-07-24].

Key Provisions

§1 — Reduction: RPT liabilities reduced to 15% of FMV depreciated at 2%/yr; interests and penalties condoned — first EO in series to explicitly add penalties to the condonation [EO 117, s. 2020, §1, 2020-07-24].

§2 — Rollover: Excess payments applied to future RPT liabilities [EO 117, s. 2020, §2, 2020-07-24].

§3 — Compliance: Added language that violations dealt with under civil service laws [EO 117, s. 2020, §3, 2020-07-24].

Notes

First EO in the series to add a WHEREAS citing affected IPP grid capacity — approximately 3,100 megawatts — and stating that closure of these IPPs would cause substantial government losses and force recourse to more costly alternatives or rotating brownouts [EO 117, s. 2020, WHEREAS ¶4, 2020-07-24]. Also first to explicitly condone penalties alongside interests. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy