Cebu City falls short on collection of taxes

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CEBU CITY, Philippines -- The Cebu City Treasurer's Office (CTO) reported a lower tax collection from March 31 to July 1, 2020 compared to the same period in 2019 due to the Enhanced

A glimpse of the skyrise buildings at the Cebu Business Park in Cebu City. CDN Digital photo | Brian J. Ochoa

The CTO said that the city only collected P297,035,603.01 from March 30 to July 1, 2020 for the duration of the ECQ. This is far from its previous collection in the same time period in 2019, which reached P910,588,574.53. “If the city will fall short of its collection, then the mayor can choose to stop certain projects that were allotted budgets in the annual budget. That is if we really fall short of our target,” said Garcia in a phone interview with CDN Digital.

 

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