Tuesday, January 12, 2010

Tax Amnesty for Real Estate Owners


Last December 10, 2009, Mayor Florencio Bernabe has passed Ordinance No. 09-15 which is an ordinance providing for financial relief through tax holidays for a limited period to owners of real properties in the city of Paranaque.  This was enacted by the Sangguniang Panglungsod.

Owners of undeclared or misdeclared properties who voluntarily declared them for tax purposes before March 31, 2010 will only need to pay the basic tax without penalties or surcharges for the past 5 years instead of paying the tax for the full 10 years.  

Also, delinquent real properties which have not been issued notice of delinquency by the City Treasurer may also pay their taxes without penalties or surcharges.

The tax amnesty period is from January 1, 2010 to March 31, 2010.

For more information, visit the city website at http://www.paranaque.gov.ph

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