(NAR) VOL. 5 NO. 1/JANUARY - MARCH 1994
1.1 | Land covering the port area, including the reclaimed area, but excluding areas being utilized occupied by the National Government Agencies which by nature are tax exempt. |
1.2 | Roads and pavements, causeways, wharves and piers, slips, Ro-Ro ramp, bulkhead, sea wall. |
1.3 | Buildings and other vertical structures, such as office/administrative buildings, warehouses, transit sheds, passenger terminals, canteen, guardhouses, public toilets, guesthouses/quarters, amenities. |
1.4 | Other port facilities such as Perimeter Fence and others. |
3.1 | The REAL ESTATE TAX DECLARATION CERTIFICATE (RETDC) under the name of the Philippine Ports Authority which states the assessed value established by the LGU. |
3.2 | The Realty Tax Assessment which states the computation of the basic tax and Special Education Fund Tax, if any. |
3.4 | The respective PMOs shall prepare reconciled SCHEDULE OF TAXABLE REAL PROPERTIES (covering those being administered, leased, utilized, and the non-operating real property), specifying therein the description, location and area measurement. Leased properties shall be identified and the name of the lessee shall be properly indicated. This shall be endorsed to the respective LGU governing the listed properties, for issuance of RETDC. |
- copy of the schedules endorsed to the LGUs
- the original taxpayer's copy of the RETDC issued by the LGU with the corresponding Municipal/City
Ordinance
- an abstract of the total estimated Real Estate Tax
a. to ensure that all the taxable properties being supervised are properly covered by the original taxpayer's copy of RETDC.
b. to validate the data contained in the RETDC, especially the area measurement and the assessed value of the properties, which should not be more than assessment levels prescribed in Section 218 of the Code, applied to the Sound Value of the assets based on the latest appraisal..
c. to validate the tax used in the Abstract Estimate and the mathematical accuracy thereof
3.6 | The FLAMS - Treasury Department shall be the official custodian of the original Taxpayer's copies of (he RETDCs and the corresponding City/Municipal Real Estate Tax Ordinances. |
3.7 | Henceforth, the RETDCs for newly acquired real estate properties and any of the documents already on file or under custodianship, shall be reported by the PMOs and within 15 days from date of acquisition or effectivity of the revision. The same validation and safeguarding process shall be undertaken on the newly secured/revised documents. |
4.1 | The budget for real estate tax and the additional Special Education Fund (SEF) tax shall be provided on the following real estate properties of PPA: |
a. on the properties being used or operated by PPA, based on the prorata time/area usage.
b. on the unutilized or non-operating properties.
4.2 | The PMOs shall estimate the tax budget starting the Budget Year 1993 and every year thereafter, using the attached format of Abstract of Estimate. This shall be endorsed to the PDOS for revalidation in the same process as in Sec. II, 3.4 and for District consolidation to be endorsed to the FLAMS. Treasury Department not later than 15th day of August preceeding the Budget Year. |
4.3 | Treasury Department shall ascertain the accuracy and completeness of the Abstract Estimates and for incorporation to the budget proposal of the Dpeartment. |
4.4 | The Yearly Budget estimate shall be computed based on the assessed values and applicable tax rates derived from the latest file of RETDCs and LGU Ordinances. |
5.1 | Pursuant to Sec. 250 of the Code, the realty tax is due for quarterly payment on or before the following dates: | ||
1st Quarter | - | March 31 | |
2nd Quarter | - | June 30 | |
3rd Quarter | - | September 30 | |
4th Quarter | - | December 31 |
a. secure from the governing LGUs, the Realty Tax Assessments covering the four quarters of the year.
b. reconcile the assessments figures against the estimated figures In the Abstract for endorsement to the supervising PDOS.
c. furnish all the lessees of their tax assessment/obligation and collect the tax share of the lessees who jointly operates a taxable property or require proof of tax payment from lessee of a whole property.
5.3 | The PDOS shall account for the completeness of the tax assessments, ascertain the accuracy of the computation and submit lo the AGM-FLAMS: Treasury Department, not later than Feb. 15 of the Budget Year, the request of cash bank transfer of the confirmed tax payable by the District. |
5.4 | Treasury Department shall reallocate lo the PDOS the approved tax budget based on their confirmation of the quarterly tax payable, which shall be funded through bank Transfer to the respective bank accounts of the PDOs. |
5.5 | The PDOs shall provide the required tax fund for their supervised PMOs. |
5.6 | The PMOs shall deliver lo the respective LGU the payment of the tax assessments including those collected from joint sharing lessees and shall compile all evidences of tax payments (both direct payments and those paid by the individual lessees). |