Reversal of RPT Exemption Granted to Globe Tel

The Bureau ruled that on the basis of the Decisions of the Supreme Court under G.R. No. 143867 dated August 22, 2001 entitled “Philippine Long Distance Telephone Company, Inc. (PLDT), vs. Adelaida Barcelona in her capacity as the City Treasurer of Davao City” and the CBAA under Case No. V-17 entitled “Smart Communications Inc. vs. City Assessor of San Carlos City and Local Board of Assessment Appeals of San Carlos City,” Globe is liable to pay real property tax. Consequently, the opinion of the Bureau expressed in its letter dated February 24, 1998, with regard to exemption of real property tax on real properties of Globe, is hereby reversed.

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