THE Cebu City Council might approve the proposed ordinance that revises the Real Property Tax (RPT) Code in the first week of April, or after the Holy Week break.
A LARGE private developer has argued that the 2023 Revised Real Property Tax Code for the Taxing Jurisdiction of the City of Cebu leading to an “astronomical increase” in real property tax due, contravenes principles provided in the Local Government Code (LGC) of the Philippines, and urged the Cebu City Government to act with restraint in exercising its tax powers.
Mayor Rama optimistic about achieving P100B budget for Cebu City by revising Real Property Tax Code. Also confident in reaching this year's P50B budget by Dec. 31, 2023. Learn more.