TAGBILARAN CITY, Bohol – The Provincial Government of Bohol has given a chance for delinquent real property taxpayers here to settle their accounts in an amnesty condoning the two percent monthly penalties for their unpaid taxes on properties.

The real property tax (RPT) amnesty is the subject of Provincial Ordinance 2009-021 that provides the guidelines for the implementation of the tax fine condonation, says Vice Governor Julius Caesar Herrera recently.

Board Member Bienvenido Molina pushed the move to bring down the tax amnesty after the Capitol-initiated tax campaigns gathered that real property tax owners with back payments are willing to settle.

The tax campaigns gathered that delinquent taxpayers are willing to pay for the basic and the Special Educational Fund component of the taxes.

They think however that the two percent monthly penalty burdens them.

Provincial Treasurer Eustaquio Socorin, said the move to come out with the ordinance on the amnesty is a win-win solution to increase the internal revenue collection of the province as well as usher in the general revision of the real property taxes.

He also explained that the amnesty can be availed only once and applies only to the two percent imposable penalty.