Global Daily Tax News, Philippines Introduces Property Tax Exemption For Agricultural Buildings, (Jul 6, 2026)

Authorities in the Philippines have issued regulations governing a new tax exemption for certain agricultural structures.

Under the joint memorandum circular (JMC) newly issued by the Department of Agriculture (DA) and the Department of the Interior and Local Government (DILG), structures, buildings, and warehouses used for storing farm inputs and outputs are eligible for exemption from real property tax, provided that the assessed value does not exceed PHP3m.

The measure was provided for in previously enacted Section 12(b) of the Sagip Saka Act. The JMC confirms implementation of the measure and clarifies the eligibility conditions.