QC to collect 'amilyar' based on 2017 schedule of fair market values

  • 📰 gmanews
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Quezon City government on Tuesday said its City Treasurer's Office (CTO) would resume the collection of real property taxes or ‘amilyar’ this year based on the 2017 schedule of fair market values (FMVs) of land.

The Quezon City government on Tuesday said its City Treasurer's Office would resume the collection of real property taxes or ‘amilyar’ this year based on the 2017 schedule of fair market values of land.

Villanueva said the “adjustment” is not a new hike but is only a revert to the rate that was used five years ago before the temporary suspension from the Supreme Court in light of homeowners' petition. However, the city government decided to continue the suspension to ease the effects of the inflation due to the impact of the Tax Reform Acceleration and Inclusion law, the local government said.

It also noted that the city government lost P1 billion in National Tax Allotment due to the national government's shortfall in tax collections amid the COVID-19 pandemic.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Wow! Ok ang QC. May consideration sa constituents nila. Eh sa Caloocan City, 245% ang itinaas ng amilyar!

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

QC to collect real property taxes based on 2017 schedule of fair market valuesAfter a five-year pause, the Quezon City local government, through its City Treasurer’s Office, will resume collection of real property taxes on land or amilyar this year based on the 2017 schedule of fair market values of land.
Källa: inquirerdotnet - 🏆 3. / 86 Läs mer »