The mayor of Bago City is optimistic that they will be able to surpass their collection from business permit and real property taxes last year due to the marked improvement in the efficiency of their collection of local taxes.
Bago Mayor Nicholas Yulo yesterday said their collection in real property tax from January to February this year was P52 million, compared to their collection for the whole of 2017 of P39 million.
Yulo said their collection from business permits from January to February this year was P16.7 million, or a total of P26 million, including mayor’s permit and other fees and charges, compared to the total collection for the whole of 2017 of P28 million, or a 100 percent increase.
Their projection in terms of business permit and other fees this year is about P40 million, compared to their total collection last year of P28 million, he said.
They also hope to collect about P70 million in terms of real property taxes because many are paying their taxes in advance, he added.
He attributed the increase to their efficiency in tax collection and to their year-round Business One-Stop-Shop at their Go Negosyo Center, Yulo said.
The City Treasurer’s Office has also strengthened its monitoring system through the joint inspection team, which goes out at least twice a year to campaign for compliance with all licenses and taxes due, he said.
Yulo said this does not yet include their revenues from the Buenos Aires Mountain Resort, the Bago Hospital, and the Bago City College.
All this will redound to the implementation of more projects and programs for Bago City, he said.
He recalled that during his first six months in office as city mayor, many were not paying their business permits. So he intensified their campaign to compel taxpayers to pay their taxes, he added.
This must have greatly contributed to their winning first place as the Most Improved LGU (component cities) during the 5 th Regional Competitiveness Summit on August 16, 2017, at the Philippine International Convention Center in Metro Manila, Yulo added.*CGS
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