Poging GOUD - Vrij
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.
Dit verhaal komt uit de December 04, 2025-editie van Business World Philippines.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business World Philippines
Business World Philippines
FTA talks with EU seen concluding by midyear
THE PHILIPPINES is hoping to conclude negotiations on a free trade agreement (FTA) with the European Union (EU) by the middle of the year, Trade Secretary Ma. Cristina A. Roque said.
1 mins
March 12, 2026
Business World Philippines
Power at 200 meters
Solar panels on rooftops.
4 mins
March 12, 2026
Business World Philippines
Lady Spikers remain unbeaten
Beat the Adamson Lady Falcons in five sets
2 mins
March 12, 2026
Business World Philippines
GSIS to offer solar panel loans of up to P500,000
THE GOVERNMENT Service Insurance System (GSIS) said on Wednesday it will offer a financing program allowing government employees to finance their solar panel installations.
1 mins
March 12, 2026
Business World Philippines
PCCI San Juan inducts 2026 officers
THE PHILIPPINE CHAMBER of Commerce and Industry - San Juan City (PCCI San Juan) inducted its 2026 officers and new members, formally installing Philip \"Phil\" Lirag as president as the chamber begins a new leadership term focused on strengthening collaboration within San Juan's business community.
1 min
March 12, 2026
Business World Philippines
South Korea finds faulty approvals at airport where Jeju Air plane crashed
South Korea's transport ministry cut construction costs and approved improper airport safety structures for more than two decades, the state auditor said in a report on aviation safety management after a Jeju Air crash that killed 179 people.
1 mins
March 12, 2026
Business World Philippines
Semirara profit falls 33% on weaker coal, power prices
EARNINGS of Consunji-led Semirara Mining and Power Corp. (SMPC) fell 33% to P13.1 billion, mainly due to weaker coal and electricity prices, lower shipments, and higher production costs.
2 mins
March 12, 2026
Business World Philippines
First Gen starts construction of 54-MW Batangas solar farm
LOPEZ-LED power producer First Gen Corp. has started construction of a 54-megawatt (MW) solar farm in Batangas, marking the company’s entry into utility-scale solar projects.
1 mins
March 12, 2026
Business World Philippines
Rio Tinto secures $1.18-B financing for Argentina lithium project
AUSTRALIAN miner Rio Tinto said on Wednesday it had secured a $1175-billion financing package from four international lenders to support development of its Rincon lithium project in Argentina’s Salta province.
1 min
March 12, 2026
Business World Philippines
Rockwell, JDN top off Power Plant Mall in Angeles City
ROCKWELL LAND Corp. and Juan D. Nepomuceno (JDN) Realty held a topping-off ceremony for Power Plant Mall Angeles, marking the completion of the mall's structural construction.
1 mins
March 12, 2026
Listen
Translate
Change font size