SP extends deadline for payment of balance for RPT, SEF tax to April 30

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Monday, March 19, 2018
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ILOILO – The Sangguniang Panlalawigan approved a resolution extending the deadline for payment of the balance for Real Property Tax (RPT) and the additional Special Education Fund (SEF) Tax to April 30, 2018 for purposes of availing the 20 percent discount in the total tax due for calendar year 2018.

The extension was embodied in Resolution No. 2018-111 unanimously passed. It cited that for reasons beyond the control of the provincial government, the encoding of the new assessment data, and the issuance of the new Tax Declarations and Notices of Assessments based on the new Schedule of Market Values in certain municipalities have not yet been completed.

However, a lot of taxpayers availed themselves of the 20 percent discount by paying their real property taxes and SEF tax in advance on or before Dec. 31, 2017 wherein the computation of the basic realty taxes and SEF taxes was based on the previous Schedule of Market Values per Provincial Ordinance No. 2002-045.

This means that taxpayers who were able to pay in advance and availed the 20 percent discount still have a balance of tax to be paid once they receive their new Tax Declarations and Notices of Assessments.

The resolution also stated that taxpayers who paid their RPT tax in advance to avail themselves of the 20 percent but fail to pay on or before April 30, 2018 of the balance of their tax due, if any, based on their new Tax Declarations and New Notice Assessment, will only be granted a 10 percent discount for their 2018 Real Property Tax. (Capitol News)
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