Committee on Economic Affairs Reviews Key Local Ordinances
Surigao City – May 20, 2025 – The Committee on Economic Affairs, Trade, Commerce, and Industry, chaired by Board Member Kent L. Yuipco, successfully held a meeting to review proposed local legislation with significant economic implications. The session was attended by committee members Hon. Juan Fernando Larong, Hon. Elvira A. Egay, and Hon. Kaiser Recabo, Jr.
Key Agenda Items
The committee deliberated on the following ordinances to assess their potential economic impact and alignment with national policies:
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Ordinance No. 2025-150 (San Isidro) – "An Ordinance imposing fees on services rendered by the Rural Health Unit to non-residents and foreign nationals."
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This measure seeks to establish a fee structure for healthcare services provided to non-residents and foreign nationals, ensuring sustainable operations for local health units.
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Ordinance No. 536, Series of 2025 (Surigao City) – "An Ordinance granting Tax Amnesty on penalties, interests, and surcharges incurred from delinquent Real Property Taxes..."
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Aligned with Republic Act No. 12001 (Real Property Valuation and Assessment Reform Act), this ordinance provides relief to property owners by allowing them to settle unpaid taxes without additional penalties, with an availment period ending June 30, 2024, and payment options extending until July 4, 2026.
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Ordinance No. 535, Series of 2025 (Surigao City) – "An Ordinance prescribing the revised schedule of Fair Market Values for the different kinds and classes of Real Property within Surigao City..."
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This revision aims to update property valuations to reflect current market conditions, ensuring fair taxation and compliance with national reforms.
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Commitment to Economic Reforms
The meeting underscores the committee’s ongoing efforts to evaluate local legislative measures in line with national economic policies. By reviewing these ordinances, the committee ensures that local laws promote economic growth, fiscal responsibility, and equitable service delivery.
For further inquiries, please contact the Office of the Committee on Economic Affairs, Trade, Commerce, and Industry.
Published: May 20, 2025 | Surigao City
