spot_img
27.5 C
Philippines
Tuesday, March 19, 2024

Quezon City law moves biz tax payment deadline to Feb. 3

- Advertisement -

The 37-member Quezon City council has passed on third and a final reading an ordinance extending the deadline for the payment of business taxes from  Jan. 20 to Feb. 3.

The yearly extension for the payment of business taxes was unavoidable since the number of tax-paying businesses continued to increase, thus the extension was made to further accommodate the interest of the tax-paying public, according to Vice Mayor Joy Belmonte.

“I hope, through this extension, all business owners can already pay their taxes on time. The city has provided the adjustments for them, so now they can have enough time to process it,” she said.

Under Section 167 of the Local Government Code of 1991, all local taxes and fees shall be paid within the first 20 days of January, or of each subsequent quarter. 

However, the city or municipal council concerned may extend the deadline for a justifiable reason but only for a period not exceeding six months.

- Advertisement -

Since 1997, the city government has already been enacting measures extending the payment of business taxes as the first quarter period from Jan. 1 to Jan. 20 has been proven to be insufficient. 

Meanwhile, Mayor Herbert Bautista on Tuesday said at least 92 more homes would be built in a 1,000-square meter property in Barangay San Agustin.

Bautista signed City Ordinance 2777 ordering that a new housing complex be constructed on two lots in Clemente Subdivision.

Members of the Samahang Magkakapit-bahay na Nagkakaisa Homeowners Association Inc. are the beneficiaries of the 92-unit, four-story housing project, the mayor said.

Bautista said the beneficiaries shall acquire the lot through the community mortgage program of the Social Housing Finance Corp.

“It is now necessary for the Quezon City government to declare the said parcels of land for a socialized housing project through the CMP to solve the urban dwelling program of the City in accordance with the provisions of the Local Government Code of 1991 and Batas Pambansa Bilang 220,” the ordinance read.

- Advertisement -

LATEST NEWS

Popular Articles