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Real Property Taxation in the Philippines by Teps Racca is a document available to read on EtoBox.

What is Real Property Taxation in the Philippines about?

1) Real property taxation in the Philippines is imposed by local government units on the basis of assessed value. The rate imposed by provinces is up to 1% of assessed value, while cities and municipalities can impose up to 2%. 2) Certain properties are exempt from real property taxes, including those owned by the Republic of the Philippines, charitable institutions, religious properties, and pollution control equipment. 3) While local governments can impose penalties for tax violations, they do not have

Author

Teps Racca

Language

EN