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.
Be the first to comment