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Peña: Makati’s tax collection reaches P11B

Sep 3, 2015 @ 1:01

With just two months in office, acting Makati City mayor Romulo “Kid” Peña is proud that the city government has again improved its tax collections from January to August this year.

Peña, who replaced suspended mayor Junjun Binay on June 30, reported that the Office of the Mayor, through its Treasury Department, has already collected P11.5 billion in taxes from January 2 to August 20.

The amount is already 90 percent of the city’s targeted P12,284,535,000 for fiscal year 2015, according to Peña.

“With the increasing efficiency in business permits processing and in the collection of business and realty taxes, I am certain that we can surpass the 8.8-percent increase they posted last year because we still have over four more months of collection period for the year,” Peña said in a statement.

Citing a report from the Treasurer’s Office, the acting mayor pointed out that the bulk
of collection came from business tax with a total of P5,946,692,720.76; followed by real property tax (RPT) with P2,478,490,843.94; fees and charges, P547,881,440.06; and Economic Enterprise, P140,357,538.66.

Peña said he is thankful to the business community for paying their taxes religiously and assured them of efficient utilization of such funds beneficial to both the taxpayers and Makati constituents.

“Rest assured that under the Bagong Makati’s guiding service principle, we shall serve with transparency, fairness and integrity. Everyone can stand proud because equal services will be delivered to the business community and all the people of Makati. Regardless of status and color, together we will enjoy the good life,” he added.

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