Articles worth reading
Mayor Emi Calixto-Rubiano visits Pasay General Hospital / Pasay PIO

Pasay General Hospital undergoes renovation

account_balancePasay access_time4 days ago

Sinimulan na ang pagsasaayos ng mga sirang bahagi ng Pasay General Hospital, ito ay matapos bisitahin ni Mayor Emi Calixto-Rubiano ang nasabing ospital noong nakaraang gabi. Ayon kay mayora, ang pagsasaayos ng ospital ay hindi lamang sa mga kagamitan...

Student leaders from public schools in Taguig / Taguig PIO

Taguig celebrates Linggo ng Kabataan

account_balanceTaguig access_time4 days ago

Dahil kayo ang kinabukasan ng ating probinsyudad! As part of Taguig City's celebration of this year's Linggo ng Kabataan, student leaders from public schools in Taguig attended a series of lectures and trainings on effective campus student-l...

Iskonek

Isko launches free WiFi in Manila

account_balanceManila access_time4 days ago

Manila Mayor Isko Moreno on Wednesday unveiled a kiosk that serves as a free WiFi hotspot, charging station and phone booth outside the Manila City Hall, the latest upgrade to the park surrounding the capital’s seat of power. The ISKOnek, powe...

Manila News

Manila Mayor Isko Moreno / CTTO

Manila to reduce real estate tax by 40% in 3 years

account_balanceManila chat_bubble_outline0 Comments visibility

Real estate tax in Manila will go down by 40 percent in the next three years, according to Manila Mayor Isko Moreno.

Moreno said the city government passed an ordinance that would cut real estate tax rates in the nation’s capital by 40 percent over three years to make collections more efficient.

“It’s already passed, we are just doing the Implementing Rules and Regulations,” the Mayor said before Manila’s village chairpersons at the Manila City Hall on Wednesday night.

Domagoso did not disclose all the details of the said ordinance but he said the real estate tax rates will be reduced by 20 percent in 2019, another 10 percent on the second year, and another 10 percent on the last year of his term.

Business tax and real property tax, or “amilyar,” are imposed by local government units under the Local Government Code of 1991, Republic Act No. 7160.

The real estate tax in Manila was raised by 300 percent under the administration of former Manila Mayor Joseph “Erap” Estrada to pay the P5.5 billion debt of the city in 2013.

Domagoso vowed to lower rates for real property tax and business tax by 40 percent in the city of Manila while campaigning for the midterm elections.

He said that high tax rates for real property and businesses are burdens for families across the nation’s capital.

date_rangeDate Published
1 week ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Mayor Vico Sotto

Sotto:  Pasig needs to deal with increased traffic

account_balancePasig chrome_reader_mode6 days ago

Pasig City Mayor Vico Sotto cited the recent efforts of Metropolitan Manila Development Authority (MMDA) as one of the reasons that “greatly increased” the volume of vehicles along major and inner roads in the city. “In recent days...

Quinta Market

Quinta market operator pays P4.9 million to Manila

account_balanceManila chrome_reader_mode2 days ago

A company that administers Quinta Market in Manila has paid P4.9 million out of its’ P11.16-million obligation to the city that was accumulated over the last two years. Marketlife Management and Leasing Corporation gave the check, two day...

A guy smoking / CTTO

Navotas implements anti-smoking ordinance

account_balanceNavotas chrome_reader_mode6 days ago

Paalala po na ipinatutupad natin ang City Ordinance 2018-15 o "Comprehensive Anti-Smoking Ordinance" alinsunod sa Framework Convention on Tobacco Control (FCTC). Isinasaad sa batas na ito na bawal ang paggamit, pagbenta, pamamahagi, at pag...

 XRC Mall Developers Inc. has already paid their tax deficit to the Manila City government

Market operator pays P14.38 million debt to Manila

account_balanceManila chrome_reader_mode4 days ago

One of the operators of public markets in Manila, XRC Mall Developers Inc., settled a P12.9 million portion of its P14.38-million debt, a day after Manila Mayor Isko Moreno gave them 72 hours to settle their unpaid obligations. “I ho...

NAIA worker returns cash

Airport janitor returns bag with nearly half a million pesos

account_balancePasay chrome_reader_mode6 days ago

A janitor turned over to authorities a bag containing more than P400,000 left behind by a passenger at the Ninoy Aquino International Airport (NAIA) Terminal 1 over the weekend. The Manila International Airport Authority (MIAA) said the bag con...

A Foton PUV Modernization Class II modern jeepney complete with accessories costs PHP1.98 million during a showcase at the Quezon Memorial Circle in Quezon City on August 10, 2019. The vehicle%

Prices of modern jeepneys surge to P2.5 million

account_balanceMetro Manila chrome_reader_mode6 days ago

A leader of a national transport group has expressed dismay over the drastic increase in prices of modern jeepneys and called for price monitoring from the Department of Trade and Industry (DTI). Orlando Marquez, president of the Liga ng Transp...

Advertisement