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PEZA Tax Exemption in Lapu-Lapu Case by iwamawi is a document available to read on EtoBox.

What is PEZA Tax Exemption in Lapu-Lapu Case about?

1) The PEZA was created by law to operate and manage economic zones, including the Mactan Economic Zone. 2) The City of Lapu-Lapu demanded real property taxes from PEZA for lands in the Mactan Economic Zone, citing provisions of the Local Government Code. 3) Lower courts ruled differently on whether PEZA is exempt from real property taxes. The Supreme Court ultimately ruled that PEZA is exempt as an instrumentality of the national government, and the lands it owns are exempt as property of the Republic.

Author

iwamawi

Language

EN