30-day grace period for rentals remains

The 30-day grace period for rental payment under the community quarantine remains.

According to Department of Trade and Industry (DTI) Secretary Ramon Lopez, DTI Memorandum Circular Number 20-31 states that the grace period covers the enhanced community quarantine, general community quarantine, and the modified general community quarantine.

Rental payment cannot be forced until businesses return to normal operations to help the entrepreneurs who lost their earnings due to coronavirus disease 2019 (COVID-19).

Sec. Lopez asks the landlords to help entrepreneurs slowly get back on their feet before collecting payments. – PTV News

Popular

Gov’t remains vigilant amid external, weather shocks as PH inflation eases in July

By Brian Campued As the headline inflation continues to ease, Malacañang underscored the need to maintain vigilance against the risks posed by global challenges and...

COA witness: No proof OVP reward payouts yielded results

By Wilnard Bacelonia | Philippine News Agency The Office of the Vice President (OVP) failed to submit documents showing that the government benefited from confidential...

BIR expands list of VAT-exempt medicines to 2.2K

By Brian Campued The Bureau of Internal Revenue (BIR) has increased the number of medicines exempted from value-added tax (VAT) in support of President Ferdinand...

Gov’t sustains efforts to ensure price stability as July inflation eases to 6.2%

By Dean Aubrey Caratiquet Consistent with President Ferdinand R. Marcos Jr.’s directive to ease the burden on Filipinos, agencies under the UPLIFT Committee strive to...