Chiz Escudero bill seeks tax exemption for shared residential spaces

MANILA, Philippines — A Senate bill seeks to exempt common areas within residential subdivisions and condominiums from real property taxes (RPT) to ease the financial burden on millions of middle-class homeowners. Sen. Francis “Chiz” Escudero filed Senate Bill No. 2569, which proposes an amendment to Section 234 of Republic Act No. 7160 or the Local