Will the Philippines’ New Real Estate Tax Amnesty Bill Affect Your Property Taxes?
If you’ve been following the news recently, you would know that Congress unanimously approved House Bill No 4814 or The Real Estate Tax Amnesty Bill.
Anyone who owns real estate properties will find this significant to them. It is a tax amnesty on real estate taxes.
Before delving into the content of the Real Estate Tax Amnesty Bill, it is noteworthy to explain certain legal concepts.