PBBM orders reduction of real property taxes of IPPs

PTVPhilippines

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00:00President Ferdinand R. Marcos Jr. orders the decrease of real property tax of independent power producers for this year.

00:08The directive aims to avoid delays and loss in electricity supply in the country.

00:12Under Executive Order 106, electric facilities under bought scheme may experience a breather with a tax reduction.

00:20This includes the cancellation of all interest and penalties on RPT deficiencies of the IPPs.

00:27The Chief Executive also directed the Department of the Interior and Local Government or DILG and the Department of Finance to set their focus on LGU's implementation.

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