RPT Reduction for IPPs under BOT Contracts

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EXECUTIVE ORDER NO. 36: RPT Reduction for IPPs under BOT Contracts

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Title Supreme Court: RPT Reduction for IPPs under BOT Contracts

Law: Executive Order No. 36

Decision Date: Jul 25, 2023

To prevent substantial losses and power outages, Executive Order No. 36 reduces and condones real property taxes, interests, and penalties for Independent Power Producers operating under Build-Operate-Transfer contracts with government-owned or controlled corporations, recognizing the assumption of taxes by the National Power Corporation/Power Sector Assets and Liabilities Management Corporation.

reduction

condonation

real property taxes

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