City Gov’t targets 130 million in January business registration
TACLOBAN CITY (CIO) — Around 130 million pesos in business taxes is targeted to be collected by the City Government in the annual registration and renewal of business permits this month.
City Treasurer Zosima Cordaῆo said such projection was based on the actual collection of the same period last year.
The streamlined business registration and renewal opened last Wednesday at the spacious ground floor of the newly constructed City Hall Building at the back of the old City Hall Building.
The CTO has expressed optimism that this year it will duplicate or even surpass its business tax collection in 2017 that reached more than a billion pesos – an all-time high, since Yolanda.
According to Corina Cadavis, Head of the Business Permits and Licensing Division (BPLD), the renewal process takes only one hour if all requirements are met. Furthermore, the Electronic Payment Portal (EPP) System initiated late last year has greatly facilitated the renewal. Business Permits, Real Property and Transportation Taxes can be renewed and paid online.
As of January 3, 126 Business Permits and 9 transport permits have been released.
Expected to register on or before January 20 are 7,226 existing and new businesses.
A 25-percent surcharge and 2 percent interest will be imposed on late applications. – Henry James G. Roca