𝐂𝐞𝐛𝐮 𝐂𝐡𝐚𝐦𝐛𝐞𝐫 𝐒𝐩𝐞𝐚𝐫𝐡𝐞𝐚𝐝𝐬 𝐓𝐚𝐱 𝐂𝐨𝐝𝐞 𝐃𝐢𝐚𝐥𝐨𝐠𝐮𝐞 𝐟𝐨𝐫 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐓𝐚𝐱 𝐑𝐞𝐟𝐨𝐫𝐦
At the forefront of navigating the intricacies of Real Property Tax (RPT) issues, the Cebu Chamber of Commerce and Industry (CCCI) in collaboration with the Local Government of Cebu City organized the Tax Code Dialogue on November 23 at City Sports Club Cebu City. This landmark gathering served as a cornerstone for stakeholders, converging to have a better and clearer understanding on the proposed revisions to the real property tax code of Cebu City. Amid a 20-year interval since the last comprehensive revision, businesses expressed fervent concerns on the implications of the proposed Real Property Tax (RPT) revisions. Although not a direct tax hike, the revamped structure unveiled noteworthy changes in actual tax liabilities. The dynamic nature of property values compounded this, rendering current property valuations obsolete and notably divergent from those established two decades ago. The City assessor's office acknowledges the discrepancy between the current assessed property v