Marcos OKs cut in 2025 real property taxes for independent power producers
President Ferdinand Marcos Jr. has ordered the reduction and pardon of all interest and penalties on real property taxes (RPTs) levied on independent power producers (IPPs) for 2025. In a statement, Malacañang said the cut in RPT liabilities of IPPs is “to prevent defaults and economic losses that could affect electricity supply and the government"s fiscal stability.”
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President Ferdinand Marcos Jr. has ordered the reduction and pardon of all interest and penalties on real property taxes (RPTs) levied on independent power producers (IPPs) for 2025. In a statement, Malacañang said the cut in RPT liabilities of IPPs is “to prevent defaults and economic losses that could affect electricity supply and the government"s fiscal stability.”
