City business tax collection to reach P270M by yearend PDF Print E-mail
Sunday, 01 September 2013 13:31

The City Permits and Licensing Division (CPLD) expects an increase in the collection of business taxes with the increase in the number of business establishments in the city.

The CPLD has so far issued a total of 2,540 business permits before the January 20 deadline but has been processing permits since then.

The CPLD received some 10,000 applications for renewal of business and new permits this year but more are applying on a regular basis.

CPLD chief Benjie Barredo said the business tax collection for this year will be higher compared to that of last year.

Barredo said they have collected P203 million in business taxes for the first three quarters last year but this year, they have already collected P224 million even though the end of the third quarter is still a month away.

He expects the business taxes collection to reach P270 million by the end of this year.

He said they continue to accept application for business permits and noted that most of the applications are for manpower services and water refilling stations.

He said they have institutionalized a one-stop-shop procedure that reduced the processing time by 30 minutes to one hour from the previous of three days period.

Meanwhile, he said they are also monitoring establishments that are operating without any license or business permits.

He said his office is set to issue closure order next week to 30 establishments for failure to secure business permits.