THE Makati City government said it collected revenue of P16.86 billion in the 11 months to November, mainly from business tax and real estate tax, beating its P15.67 billion full-year target.
In a statement issued Friday by the city government, Acting City Treasurer Jesusa Cuneta reported to Makati City Mayor Abigail S. Binay-Campos that the city’s total collections amounted to P16,864,458,483.31 for the period.
The year-earlier total was P16.07 billion.
Ms. Cuneta said the top contributor was business tax of P9.1 billion, followed by real property tax at P5.5 billion.
Fees and charges totaled P750.9 million while economic enterprises generated P246.9 million.
“We have exceeded our full-year revenue target (as of) November… we are heartened by the strong support consistently shown by our taxpayers,” Ms. Binay said in the statement.
Ms. Cuneta also reported that new business registrants in Makati City totaled 4,770 as of the second week of December, with a combined capital investment amounting to over P30 billion. Meanwhile, business permit renewals totaled 33,978 over the same period.
The city implemented a “Business One-Stop Shop” system in line with Republic Act No. 11032 or the Ease of Doing Business law and simplified the processes for renewing and applying for new business permits.
It is also developing a computerized system, the enhanced Business Permit and Licensing System or e-BPLS, in order to provide easy access to business permits through various platforms. — Camille A. Aguinaldo
