X

Vous n'êtes pas connecté

Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 24/Jun 16:01

Real property valuation law

Valuation of real property has been a problem since time immemorial. The Bureau of Internal Revenue (BIR) and every local government unit (LGU) have their own independent valuation, which most of the time are not the same. There is no specialized agency that is responsible for updating valuation according to international standards. Citizens are also confused where to secure data of similar transactions since there is no comprehensive real property electronic database to capture them. Worse, LGUs valuation is dependent on their tax policy and goals, which results in prices that are not dictated by the market. The “Real Property Valuation and Assessment Reform Act” (RA 12001) hopes to address these issues. Salient points and provisions of the law can be found below:

Articles similaires

Sorry! Image not available at this time

LGUs told to gear up to implement new property and tax valuation law

philstar.com - 22/Jun 16:00

Local government units (LGU) in the Philippines will have to ensure their respective property and tax assessment policies are updated following the...

5 superstitions and their logical explanations

times of india - 26/Jun 03:00

Superstitions have plagued and riddled societies since time immemorial. Superstitions have led to many false beliefs we have been carrying for...

MAGA tilt in southern Oregon may not be tightly locked down

rawstory.com - 28/Jun 13:33

Conservative southern Oregon, often an afterthought for many other Oregonians, may be the most politically dynamic large area in Oregon. Few other...

Delay in updated property tax law in Cebu City sought

cebudailynews.inquirer.net - 22/Jun 12:14

CEBU CITY, Philippines — A local legislator is proposing to delay a new real property tax law here. Councilor Rey Gealon, head of the laws and...

FCT Council Chairmen to Vacate Office in June 2026, INEC Confirms

spyetv.com.ng - 28/Jun 13:04

The Independent National Electoral Commission, INEC, has declared that the tenure of the incumbent Council Chairmen in the six area councils of the...

‘Divine Power’ Versus ‘The Bully’: US, India Join Hands To Prevent China From Imposing Its ‘Puppet’ Over Tibet – OpEd

eurasiareview.com - 30/Jun 00:27

The timing of the US ‘Resolve Tibet Act’ Bill holds significance not only for the Dalai Lama and the people of Tibet but also for India, which...

Rumors About St. Martin’s Island Amid Myanmar Conflict – OpEd

eurasiareview.com - 20/Jun 16:46

As Myanmar’s ongoing conflict turns up on the doorstep of Bangladesh’s St. Martin Island, vested interests are spreading rumour and propaganda...

Court: Intimate partner violence will not be tolerated

newsday.co.tt - 26/Jun 15:14

A HIGH Court judge said intimate partner violence will not be tolerated by the courts in a strong message on June 25. The judge’s notice came...

Involuntary: Terminated MCC workers call for accountability and change

canadianmennonite.org - 20/Jun 16:06

“I still use it,” Anicka Fast says of the brownish knitted potholder she received at Mennonite Central Committee (MCC) orientation in Akron,...

Russian roulette with rights

newsday.co.tt - 25/Jun 06:53

THE GOVERNMENT’S removal of a special majority requirement before the passage of whistleblower legislation in Parliament is a significant...

Les derniers communiqués

  • Aucun élément