Bongbong Marcos okays realty tax breaks for IPPs
President Ferdinand Marcos Jr. has issued an executive order granting real property tax breaks to independent power producers (IPPs) operating under Build-Operate-Transfer (BOT) contracts with state-owned corporations. Executive Order No. 36 signed on Tuesday reduced and condoned real property taxes (RPTs) assessed by local governments on the power generating facilities of IPPs within their locality. […]
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