Sworn Statement of the True Current and Fair Market Value of Real Properties - Philippines

The Sworn Statement of the True Current and Fair Market Value of Real Properties in the Philippines is used to declare the accurate and fair market value of real properties for tax purposes.

In the Philippines, the sworn statement of the true current and fair market value of real properties is filed by the property owner or the person responsible for paying the real property tax.

FAQ

Q: What is the purpose of the Sworn Statement of the True Current and Fair Market Value of Real Properties?
A: The purpose of the Sworn Statement is to declare the current and fair market value of real properties in the Philippines.

Q: Who needs to submit the Sworn Statement of the True Current and Fair Market Value of Real Properties?
A: Property owners in the Philippines are required to submit the Sworn Statement.

Q: When should the Sworn Statement of the True Current and Fair Market Value of Real Properties be submitted?
A: The Sworn Statement should be submitted annually, on or before the 31st of January.

Q: What information is required in the Sworn Statement of the True Current and Fair Market Value of Real Properties?
A: The Sworn Statement requires information such as the location, description, and assessed value of the real properties.

Q: What are the consequences of not submitting the Sworn Statement of the True Current and Fair Market Value of Real Properties?
A: Failure to submit the Sworn Statement may result in penalties, fines, or legal action by the authorities.