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PIA Press Release
2009/10/09

Bohol condones "tax fines" on delinquent real property

Tagbilaran City (9 September) -- Capitol gives a chance for delinquent real property taxpayers here to settle their accounts in a amnesty condoning the 2% monthly penalties for their unpaid taxes on properties.

The real property tax (RPT) amnesty is the subject of Provincial Ordinance 2009-021 whcin provides the guidelines for the implementation of the tax fine condonation, says Vice Governor Julius Caesar Herrera recently.

Board Member Bienvenido Molina pushed the move to bring down the tax amnesty after Capitol-initiated tax campaigns gathered that real property tax owners with back payments are willing to settle.

The tax campaigns gathered that delinquent taxpayers are willing to pay for the basic and the Special Educational Fund component of the taxes.

They think however that the 2% monthly penalty burdens them.

Provincial Treasurer Eustaquio Socorin, during last Friday's meeting cited that the move to come out with the ordinance on the amnesty is a win-win solution to increase the internal revenue collection of the province as well as usher in the general revision of the real property taxes.

He also explained that the amnesty can be availed only once and applies only to the 2% imposable penalty.

The amnesty also applies only to those able to pay for the basic tax and special educational fund not later than March 10, 2010, or all condoned penalties would be re-imposed.

The amnesty, he added only works for owners of lots, which were published delinquent as of 2008.

Not covered by the amnesty are those who entered into a compromise agreement with capitol relative to their tax delinquency and those real property owners whose lots have been published for auction sale, according to Socorin. (PIA) [top]

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