Mandaue collects P1.2B taxes in 1st quarter of the year

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The Mandaue City Treasurer says that despite collecting P1.2 billion in taxes in 3 months, they may still miss their target for the year.

Lawyer Regal Oliva, Mandaue City Treasurer, says that even if they have collected P1.2 billion in taxes in the first quarter of the year, they will still likely not hit the target collection of P2.4 billion for the year due to the effects of the pandemic on businesses. | Mary Rose Sagarino

In March 30, 2020 the city’s business tax collection reached P696 million while in March 30, 2021, the tax collection is only at P654 million. The city’s amusement taxes dropped drastically with P7.7 million last March 2020 compared to P110,000 in March 2021. Oliva added they would conduct a tax mapping soon, to remind businesses to pay their taxes, to get their permits and to avoid penalties as there would be no condonation of penalties this year.

 

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