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Legislative Issuances

Ordinance No. 2023-124

Ordinance No. 2023-124

AN ORDINANCE AMENDING SECTION 1 OF ORDINANCE NO. 2002-035, GRANTING RELIEF ON SURCHARGES AND INTERESTS ON LOCAL TAX ON TRANSFER OF REAL PROPERTY OWNERSHIP, IN SUPPORT OF THE EXTENSION OF THE ESTATE TAX AMNESTY PROGRAM PURSUANT TO REPUBLIC ACT NO. 11956, BY EXTENDING THE AVAILMENT PERIOD TO JUNE 14, 2025

Author(s)/Sponsor(s): [“Hon. Salvador M. Del Castillo, JD, CPA”]
Date Enacted: December 12, 2023
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Summary/Additional Info:

This ordinance extends the period during which estate tax amnesty may be availed of by qualified parties in Naga City, aligning it with updated national guidelines. The measure aims to:

  • Encourage estate tax compliance by reducing surcharges, interests, and penalties on previously unsettled estates.
  • Support heirs or administrators in settling estate obligations through simplified terms.
  • Promote legal transfer and registration of properties, particularly those long held informally.

Related Resource:
Past officials of the City of Naga 1945-2022

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