The Davao City government has expressed optimism that it could achieve its tax collection target this year despite the coronavirus pandemic.
City Treasurer’s Office head Lawrence Bantiding said that as of September this year, the city government has collected P8.2 billion from local taxes, service income, business income, economic enterprise, other income, and share from internal revenue allotment (IRA).
This is an 80.27 percent of the P10.3 billion target collection for 2020. The current collection also poses a higher amount of P1.2 billion compared to the P7 billion collected taxes for the same period of 2019.
“In order to meet the City’s target collection by the end of the year, the City Treasurer’s Office and other revenue-generating offices, such as the Business Bureau, are conducting intensified monitoring to ensure compliance to the necessary permits and to collect the taxes due to the City,” said Bantiding.
CTO has also intensified its information dissemination on the payment deadlines for taxes and other fees.
Another factor of achieving the city’s target collection is Ordinance No. 0218-20 or the Tax Amnesty or Relief from Delinquent Real Property Tax.
“We have already collected a total of P27,925,174.51 from delinquencies. This will contribute to our efforts to achieve our target,” said Bantiding.