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Section 1
Reduction and Condonation
Section 1.
Reduction and Condonation.
—All liabilities for real property tax, including any special levies accruing to the Special Education Fund, for calendar year (CY) 2018, on property, machinery and equipment actually and directly used by IPPs for the production of electricity under a Build-Operate-Transfer scheme and similar contracts (whether denominated Power Purchase Agreements, Energy Conversion Agreements or other contractual agreements) with GOCCs, assessed by LGUs and other entities authorized to impose real property tax for all years up to CY 2018, are hereby reduced to an amount equivalent to the tax due if computed based on an assessment level of fifteen percent (15%) of the fair market value of said property, machinery and equipment depreciated at the rate of two percent (2%) per annum, less any amounts already paid by the IPPs. All interests on such deficiency real property tax liabilities are also hereby condoned and the concerned IPPs are relieved from payment thereof.
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Section 2
Application to future real property tax liabilities
Section 2.
Application to future real property tax liabilities.
—All real property tax payments made by the IPPs over and above the reduced amount under Section 1 of this Order shall be applied to their real property tax liabilities for the succeeding years.
Section 3
Compliance by all Government Entities
Section 3.
Compliance by all Government Entities.
—All concerned departments, agencies and instrumentalities of the government, including relevant GOCCs and LGUs, are hereby ordered to strictly comply with this Order.
Section 4
Repeal
Section 4.
Repeal.
—All rules and regulations, or parts thereof which are inconsistent with the provisions of this Order are hereby revoked, amended or modified accordingly.
Section 5
Separability
Section 5.
Separability.
—If any provision of this Order is declared invalid or unconstitutional, the other provisions unaffected thereby shall remain valid and subsisting.
Section 6
Effectivity
Section 6.
Effectivity.
—This Order shall take effect immediately upon its publication in a newspaper of general circulation.
DONE,
—in the City of Manila, this 13thday of in August— in the year of Our Lord, Two Thousand and Nineteen.
(SGD.)—
RODRIGO ROA DUTERTE
By the President:
(SGD.)—
SALVADOR C. MEDIALDEA
Executive Secretary