- December 3, 2018
Quezon City property owners received a financial reprieve through Ordinance SP-2779, S-2018, a legislation designed to grant amnesty from interests, fines, surcharges, and other penalties related to delinquent real property taxes for taxable year 2018 and prior years. Spearheaded by Allan S. Reyes and the Quezon City Council, this ordinance aimed to alleviate the financial burden on taxpayers and encourage compliance with local tax regulations. This article delves into the objectives, key provisions, and the expected impact of this significant ordinance.
Objective of the Ordinance
The primary objective of Ordinance SP-2779, S-2018 is to provide relief to property owners who have accumulated penalties due to unpaid real property taxes. The ordinance aims to:
- Encourage taxpayers to settle their delinquent real property taxes without the added burden of penalties.
- Increase revenue collection for the city government by incentivizing voluntary compliance.
- Foster economic growth by reducing the financial strain on property owners and enabling them to reinvest in their properties.
Key Provisions of Ordinance SP-2779, S-2018
The ordinance outlines several critical provisions that dictate how the amnesty will be implemented:
- Coverage of the Amnesty
- Applicable to real property owners in Quezon City.
- Covers taxable year 2018 and all prior years.
- Waiver of Interests, Fines, and Penalties
- All accrued interests, surcharges, fines, and other penalties on delinquent real property taxes are waived.
- Period of Availment
- Taxpayers must settle their delinquent accounts within the specified amnesty period to benefit from the waiver.
- Mode of Payment
- Payments must be made through authorized collection centers designated by the Quezon City Treasurer’s Office.
- Eligibility Criteria
- Property owners with outstanding real property taxes from 2018 and earlier are eligible.
- Those who have already paid penalties before the enactment of the ordinance are not eligible for a refund.
Expected Impact of the Ordinance
The implementation of Ordinance SP-2779, S-2018 is expected to bring multiple benefits, including:
- Financial Relief for Property Owners: By waiving penalties, taxpayers can settle their obligations without excessive financial strain.
- Increased Compliance and Revenue: Encouraging voluntary tax compliance will help Quezon City boost its revenue, which can be allocated for public services and development projects.
- Improved Public-Private Relations: The amnesty fosters goodwill between the local government and property owners, reinforcing a culture of tax responsibility.
Conclusion
Ordinance SP-2779, S-2018 serves as a progressive step toward ensuring tax compliance while providing much-needed financial relief to delinquent property owners. By eliminating penalties and surcharges, the ordinance paves the way for increased revenue collection, enhanced property ownership stability, and overall economic development in Quezon City. Taxpayers are encouraged to take advantage of this opportunity within the prescribed period to benefit fully from the amnesty program.
For more details, visit:
Quezon City Council Website
allanreyes.ph
