EO 83 (s. 2025) — IPP BOT RPT Condonation, CY 2024

Status: operative
Confidence: high
Effective date: 2025-02-13

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

Signed: February 13, 2025 | President: Ferdinand R. Marcos Jr.

Scope and Coverage

Geographic scope: Nationwide [EO 83, s. 2025, §1, 2025-02-13].

CY covered: CY 2024 [EO 83, s. 2025, §1, 2025-02-13].

Grid capacity at stake: Approximately 3,100 megawatts [EO 83, s. 2025, WHEREAS ¶5, 2025-02-13].

Key Provisions

§1 — Reduction: CY 2024 RPT liabilities reduced to the tax due computed at a 15% assessment level of fair market value (down from the 80% level LGUs applied), with the FMV depreciated at 2%/yr, net of amounts already paid; interests and penalties condoned [EO 83, s. 2025, §1, 2025-02-13].

§2 — Rollover: Excess payments applied to future RPT liabilities [EO 83, s. 2025, §2, 2025-02-13].

§3 — Compliance: DILG directed to monitor LGU compliance in coordination with DOF; DOF to submit a progress report to the President within six months through the Office of the Executive Secretary [EO 83, s. 2025, §3, 2025-02-13].

Notes

First EO in the series to enumerate the complete lineage of prior condonation EOs in a WHEREAS clause: EO Nos. 27 (s. 2011), 173 (s. 2014), 19 (s. 2017), 60 (s. 2018), 88 (s. 2019), 117 (s. 2020), 126 (s. 2021), 157 (s. 2021), 176 (s. 2022), and 36 (s. 2023) [EO 83, s. 2025, WHEREAS ¶6, 2025-02-13]. Added new DILG monitoring and DOF reporting requirements not present in earlier EOs. See IPP BOT Real Property Tax Condonation for the full series analysis.

Full text: Cleaned copy