The City of Manila aims to collect P16.823 billion in local taxes and P2.761 billion in fees and charges to fund the bulk of its P25 billion 2025 budget.
This was revealed by Mayor Honey Lacuna as the capital city rolled out its annual business registration and renewal season.
“The city aims to collect around P9.364 billion in real property taxes and P6.55 billion in business taxes,” Lacuna said.
“These revenues are needed to fund the city’s operating expenses of P10.38 billion, personnel services of P6.55 billion, special purpose appropriations of P6.77 billion, and debt servicing of P1.196 billion,” she said.
“The business registration fees and real property payments we collect now and in the coming months are therefore crucial components of the 2025 city budget,” the mayor said.
Business permit applications for Fiscal Year 2025 can be processed at the City of Manila Business-One-Stop-Shop (BOSS) and Taxpayer’s Assistance Center (TAC) that are open daily, including weekends at the 4th Floor of SM City Manila (Beside Gerry’s Grill).