PBBM, nilagdaan ang EO 83 para sa bawas-buwis sa power plants
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NewsTranscript
00:00President Ferdinand R. Marcos, Jr. has signed Executive Order No. 83
00:06which orders the reduction of taxes on power plants.
00:10In particular, the reduction of real property tax on interest and tax on facilities
00:17of independent power producers
00:19which has an agreement with the government under the Build-Operate-TRA or Transfer Scheme.
00:25According to the Palacio, the new law is a part of the government's policy
00:30to maintain a sufficient supply and affordable price of electricity in the country.
00:36Under the EO's visa, the cost of IPPS for 2024 will be reduced
00:43based on the assessment level of 15% of the fair market value of their facilities
00:52instead of 80% allocated to their LGUs.
00:55The President ordered the DOF, DILG, and other agencies
00:59to ensure the strict implementation of the law.