Amends
n/a
Amended by
n/a
Executive Orders

Proclaiming A One-Time Real Property Tax Amnesty Subject To Certain Conditions

Executive Order No. 42

EXECUTIVE ORDER NO. 42 August 22, 1986

PROCLAIMING A ONE-TIME REAL PROPERTY TAX AMNESTY SUBJECT TO CERTAIN CONDITIONS

WHEREAS, there is a substantial amount of revenue in the form of delinquent real property taxes due and collectible by the government;

WHEREAS, the grant of tax amnesty to certain delinquent real property taxpayers would not only encourage settlement of the unpaid real property taxes but also accelerate the collection thereof;

WHEREAS, to ensure that henceforth real property tax laws would be complied with strictly, no further real property tax amnesty shall be granted.

NOW, THEREFORE, I CORAZON C. AQUINO, President of the Philippines, do hereby order:

Sec. 1. A one-time real property tax amnesty is hereby granted to real property taxpayers delinquent in the payment of real property taxes payable as of December 31, 1985 with respect to the following real properties:

(a) Those which are undeclared and subject to back taxes;

(b) Those which are undeclared but the real property taxes thereon have not been paid; and...

One-Time Real Property Tax Amnesty

- Grants a one-time real property tax amnesty to delinquent real property taxpayers as of December 31, 1985. (Sec. 1)
- Covers the following real properties:
    - Undeclared and subject to back taxes. (Sec. 1a)
    - Undeclared but real property taxes not paid. (Sec. 1b)
    - Included in public auctions but not purchased. (Sec. 1c)
- Condones 50% of accumulated delinquent real property taxes and entire amount of penalties as of December 31, 1985. (Sec. 1)
- Allows payment in installments, but failure to pay any installment makes the total unpaid balance due and demandable. (Sec. 1)
- Excludes the following from amnesty:
    - Real properties disposed of at public auction. (Sec. 2a)
    - Real properties with pending court cases for tax delinquencies. (Sec. 2b)
    - Real properties with tax delinquencies under compromise agreement. (Sec. 2c)
- Prohibits public auction of delinquent real properties during the amnesty period. (Sec. 2)
- Requires application for amnesty at the local government unit where the real property is situated. (Sec. 3)
- Exempts taxpayers availing the amnesty from civil, criminal, and administrative liabilities related to the Real Property Tax Code for the declared properties. (Sec. 4)
- Amnesty period is only until December 31, 1986, after which no further amnesty will be granted. (Sec. 5)
- Authorizes the Minister of Finance to promulgate implementing rules and regulations. (Sec. 6)
- Repeals or modifies inconsistent laws, orders, issuances, rules, and regulations. (Sec. 7)
- Takes effect immediately. (Sec. 8)

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
digestph@gmail.com
Please read our FAQ before contacting us.