Tag: tax relief
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President Marcos Jr. Approves Tax Relief for Power Producers Under BOT Agreements
President Ferdinand R. Marcos Jr. has signed Executive Order 83, granting significant tax relief to Independent Power Producers (IPPs) involved in Build-Operate-Transfer (BOT) agreements with government entities. The order, signed on February 13, aims to alleviate the financial burden on IPPs by reducing and forgiving real property taxes (RPT) and associated penalties on their power…
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