Lapu-Lapu City biz tax collection dips again in 2021

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The Lapu-Lapu City Treasurer’s Office has continued to record a decline in their business tax collection in the past two years

Felicitas Baguio, city treasurer, said that the decline of their business tax collection can be attributed to the effect of the pandemic on the tourism-related industries in the city.

But in 2020, the city’s business tax collection declined to only more than P1 billion and P990 million in 2021. Baguio said that there are more than 14,000 business establishments that were registered in the city. This is to give the public ample time, in consideration of the devastation caused by super typhoon Odette that hit the city in December 2021.She urged the public to pay their business permit renewal on time to avoid surcharges and interest.

 

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