Gov’t condones realty taxes, penalties of power plants

Credit to Author: racosta| Date: Fri, 16 Aug 2019 21:15:47 +0000

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President Duterte has reduced and condoned the real property taxes and penalties assessed on power generation facilities of some independent power producers (IPPs). Executive Order No. 88, signed by the President, covers the power generating facilities of IPPs under build-operate-transfer (BOT) contracts with government-owned and-controlled corporations (GOCCs). The EO, released by the Palace on Friday, […]

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