Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Marcos cuts 2025 property taxes for power producers to avert fiscal, energy risks
Business World Philippines
|December 04, 2025
PHILIPPINE President Ferdinand R. Marcos, Jr. ordered a reduction of real property taxes on independent power producers (IPP) for 2025, warning that full assessments could trigger defaults, strain state finances and disrupt power supply.
Executive Order (EO) No. 106, issued on Nov. 28 and published on Wednesday, lowers this year’s property-tax liabilities of IPPs —including special education fund charges — operating under build-operate-transfer and similar contracts with government-owned firms.
Taxes will now be based on 15% of fair market value, depreciated 2% annually, minus any payments already made.
The directive also wipes out all interest and penalties on unpaid obligations, with excess payments credited to future liabilities.
Diese Geschichte stammt aus der December 04, 2025-Ausgabe von Business World Philippines.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business World Philippines
Business World Philippines
Century Properties' PHirst launches P5.3-B housing project in GenSan
CENTURY PROPERTIES Group, Inc. is expanding into Mindanao with a P5.3-billion affordable housing project in General Santos (GenSan) City, as the developer seeks to tap rising demand for homes outside Metro Manila.
1 min
February 24, 2026
Business World Philippines
PhilWeb partners with FBM for online gaming across 30,000 machines
PHILWEB CORP. has entered into a partnership with casino equipment provider FBM to develop and deploy an online gambling platform integrated into FBM’s nationwide network of electronic bingo machines and venues.
1 mins
February 24, 2026
Business World Philippines
MPIC shelves Light Rail Manila Corp. exit plan
METRO PACIFIC Investments Corp. (MPIC) will keep its stake in Light Rail Manila Corp. (LRMC) after the government began settling billions of pesos in obligations to the private operator of Light Rail Transit Line 1 (LRT-1), easing concerns over mounting losses.
2 mins
February 24, 2026
Business World Philippines
One Battle After Another wins big at Britain’s BAFTA film awards
And the 2026 BAFTA winners are...
2 mins
February 24, 2026
Business World Philippines
India's new lending curbs squeezing trading firms
The Indian central bank's curbs on bank funding for proprietary trading could spur trading firms to shift business offshore and may force smaller players to shut down, executives and analysts said.
2 mins
February 24, 2026
Business World Philippines
Deutsche Bank sees last rate cut in June
THE BANGKO SENTRAL ng Pilipinas (BSP) could stand pat at its next meeting before delivering its final rate cut for this easing cycle in June as economic growth is likely to stay sluggish this quarter, Deutsche Bank Research said.
1 mins
February 24, 2026
Business World Philippines
‘Murky waters’ for global businesses after US Supreme Court strikes down Trump’s tariffs
The watershed US Supreme Court ruling on Friday that struck down President Donald J. Trump's go-to method of imposing tariffs upended a cornerstone of the administration’s trade policy, heaping additional uncertainty on trading partners and businesses across the globe.
4 mins
February 24, 2026
Business World Philippines
Pre-need sector books higher premium income
PRE-NEED COMPANIES’ combined premium income rose by 5.73% year on year to P23.94 billion in 2025 despite a decrease in the number of licensed firms due to tighter regulatory oversight, the Insurance Commission (IC) said ‘on Monday.
1 min
February 24, 2026
Business World Philippines
A look at the ASEAN and our major partner economies
The Association of Southeast Asian Nations (ASEAN) is a big economic bloc with a combined population of 686 million in 2024, the third largest in the world after India and China.
2 mins
February 24, 2026
Business World Philippines
Triconti wins grid nod for P303-B wind projects
A CONSORTIUM led by Triconti ECC Renewables Corp. has secured approval to connect 1,650 megawatts (MW) of planned offshore wind capacity to the Philippine grid, clearing a key hurdle ahead of a government auction for renewable energy contracts.
1 mins
February 24, 2026
Listen
Translate
Change font size