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Category TAXES ( RPT )
What incentives will I get if I pay my RPT and SEFT promptly?
Created Jun-5-2015
Owner admin
QUESTION What incentives will I get if I pay my RPT and SEFT promptly?
ANSWER

To encourage prompt payments of RPT and SEFT, most cities and municipalities in the Philippines give discounts ranging from 10% to 20% of the basic tax due on prompt full payment or quarterly payments of Real Property Tax and Special Education Fund Tax. Rates of discounts given by Metro Manila cities and municipalities vary. Please see discounts in RPT and SEFT Rates in Metro Manila Cities and Municipalities.