Duterte Orders Reduction of Real Property Tax of Independent Power Producers

President Rodrigo Duterte has signed an executive order that directs the reduction of the 2015 and 2016 liabilities for real property tax on property, machinery and equipment used by independent power producers (IPPs) for the production of electricity under the build-operate-transfer scheme with state-run companies. Local government units earlier argued that IPPs are not entitled to tax privileges of government firms. However, a substantial part of the real property taxes charged against IPPs has already been…

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