Davao hits nearly half of yearly tax target as of April

Subscribe Now June 15, 2015 at 11:06am

The Davao City Treasurer's Office (CTO) has collected 45% of its tax goals for 2015 as of April and is confident of hitting the full P5.813-billion amount by the end of the year.

The P2.6 billion collected in the first four months was 12% higher than the collection in the same period last year, Villa V. Dureza, CTO local treasury operations officer, said.

“Of the total tax collected, P1,511,873,190.97 is from local sources while a total of P1,111,236,876 is from the total receipts from internal revenue allotment (IRA) and the city’s share from the Philippine Amusement and Gaming Corp.,” Ms. Dureza said.

Of the city’s P45-million income, P27.6 million came from public markets, the city’s biggest income source.

Other local income sources were the slaughterhouse (P4.4 million), Davao City Overland Terminal (P7.7 million), Pasalubong Center (P52,000), and receipts from cemetery operations and other fees (P3.5 million).

Davao’s IRA increased by 14.19% to P1.1 billion this year from P966 million in 2014.

Ms. Dureza said Aboitiz Power Corp.’s Davao Light and Power Corp. (DLPC) remained the city’s top taxpayer for 2014 with an P83.69-million payment.

“This is the second straight year that DLPC was named as the highest taxpayer. This could be attributed to the high gross sales of the company last year,” she said.

The other top taxpayers are SM Davao Department Store with P16.9 million; Coca-Cola Femsa Philippines, Inc., P13.1 million; Holcim Philippines, P12.2 million; NCCC Supermarket of Matina, P10.3 million; Gaisano Mall of Davao, P9.5 million; SM Supermarket-SM Davao, P8.9 million; Mindanao Shoppers Daily Destination Corp., P8.5 million; Mindanao Corrugated Fibreboard, Inc., P7.5 million; and NCCC Supermarket on Ramon Magsaysay Ave., P7.2 million.

Agricultural companies such as Stanfilco, a division of Dole Philippines, Inc., and Lapanday Foods Corp. also made it to the list of top 20 taxpayers.

“We regularly inspect business establishments in the city and serve notices to real properties in order to ensure that taxes are well paid,” Ms. Dureza said.

Source: bworldonline.com

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