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The proponent of the revised Real Property Tax (RPT) Code in Cebu City understood the plight of the business community, as he echoed its call for staggered implementation of the tax increase.
City Hall departments urged to reduce budget proposals amid potential budget cuts | Cebu City budget hearing
A LARGE private developer has argued that the 2023 Revised Real Property Tax Code for the Taxing Jurisdiction of the City of Cebu leading to an “astronomical increase” in real property tax due, contravenes principles provided in the Local Government Code (LGC) of the Philippines, and urged the Cebu City Government to act with restraint in exercising its tax powers.
THE owners of some privately-owned road lots used for public purposes should be exempted from paying real property tax, the sponsor of the 2023 Real Property Tax Code said Thursday, Oct. 19, 2023.
The Real Property Tax (RPT) in Cebu City is set to soar, with some land owners seeing an increase of 525 percent in their tax dues. The City Council is currently holding public hearings on the proposed ordinance, with the next one scheduled for next week.