Saturday, April 1, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home LGUs NCR

Makati tax take at P12.1 billion

Joel E. ZurbanobyJoel E. Zurbano
June 25, 2019, 8:50 pm
in NCR
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Makati City government under the administration of Mayor Abigail Binay has tallied a total of P12.1 billion in revenue as of May, a collection equivalent to 71 percent of the P17.12-billion revenue target for the entire year.

Binay is optimistic the city will again surpass its revenue target for the year, as it had done in the past three years.

“At the rate we are going, we expect to surpass our full-year revenue target before this December. With our stable financial standing, we will be able to implement new initiatives and enhance current programs and services for Makatizens,” she said.

Major projects the city chief executive vowed to pursue as she starts her second term this July include the upgrading of public school facilities for the digital age, continuing modernization of the Ospital ng Makati in Pembo, the completion of the new state-of-the-art hospital in Malugay, and the establishment of a public columbarium offering free cremation and inurnment services to city residents.

In a report to the Office of the Mayor, City Treasurer Jesusa Cuneta stated that as of May 31, 2019, the city collected P12,155,881,631.06, and has attained 66 percent of its target collections from Business Tax and 95 percent of its target for Real Property Tax.

ADVERTISEMENT

From January to May, collections from Business Tax reached P6.4 billion out of the P9.8-billion target, while Real Property Tax payments generated P4.5 billion of the almost P4.8-billion goal.

According to the Business Permits Office, the city has registered 2,477 new businesses as of last June 21, with combined capital investment amounting to P23.3 billion.

In the same period, a total of 34,542 businesses have renewed their permits, reporting a combined sales of P1.4 trillion.

The city has also derived income from other sources, including Fees and Charges, P531.1 million; Economic Enterprises P76.8 million; Interest Income, P106.5 million; and Internal Revenue Allotment, P494.1 million.

Meanwhile, Binay has announced that 31 satellite realty tax payment centers will be opened by the Office of the City Treasurer on scheduled dates in various barangays starting July 2 (Tuesday) for real property owners with taxes due this third quarter.

“Real property owners in the city are encouraged to take advantage of this opportunity, as it would help them save time, energy and transportation expenses,” she said.

Binay said through the Realty Tax Division under the Finance Department, the city government ensures the efficiency of services at the satellite payment centers, where each transaction usually takes a maximum of five minutes. Taxpayers only need to present their previous receipt and pay the taxes due to receive an electronic receipt.

The payment centers will be open from 9 am to 4 pm to accept payments.

On July 2, the payment centers will be opened in Barangays Bel-Air and Urdaneta, followed by Magallanes and San Lorenzo on July 3.

The schedule for the rest of the week is as follows: July 4, Brgys. Dasmariñas and Forbes Park; and July 5, Brgys. Bangkal, Pio del Pilar, San Isidro, Palanan, and San Antonio.

The following week, the payment centers will be open to serve taxpayers, as follows: July 9 (Tuesday), Brgys. La Paz, Sta. Cruz, Singkamas, Tejeros, and Kasilawan; July 10 (Wednesday), Carmona, Olympia, Valenzuela, Poblacion and Guadalupe Viejo; July 11 (Thursday), Guadalupe Nuevo, Pinagkaisahan, Pitogo, Cembo and South Cembo; and July 12 (Friday), West Rembo, East Rembo, Comembo, Pembo and Rizal.

Based on the city’s Revenue Code, Makati offers a five percent discount for quarterly payments made during the first 20 days of the quarter (July 20 for the third quarter). On the other hand, late quarterly payments will incur a penalty of two percent per month.

The Realty Tax Division at the 2nd floor of Makati City Hall Building I will also be open to serve taxpayers on Saturdays from 8am to 4pm on July 6, 13 and 20. On weekdays from July 1 to 19, it will be open to serve clients from 8am to 7:30pm.

Moreover, the Business Tax Division at the ground floor, City Hall Buildig II, will be open Monday to Friday from 8 am to 7:30 pm starting July 1 up to July 19, and on Saturdays from 8 am to 4 pm on July 6, 13 and 20.

Tags: Abigail BinayMakati CityMakatizenOspital ng MakatiRevenue
ADVERTISEMENT
Joel E. Zurbano

Joel E. Zurbano

Related Posts

Navotas gets ARTA commendation

byJun David
March 29, 2023, 10:23 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The City Government of Navotas Tuesday received commendation from the Anti-Red Tape Authority (ARTA) for being one of the exemplary...

Read more

SM honors, recognizes women

byManila Standard
March 27, 2023, 10:48 pm
0
8
SM honors, recognizes women

SM Malls in Marilao, Baliwag and Pulilan are putting spotlight on women-owned businesses and their inspiring stories as each mallcelebrates...

Read more

University of Caloocan City Accountancy students bag awards in national quiz bee, case study and dance competition

byManila Standard
March 27, 2023, 10:43 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The University of Caloocan City (UCC) Accountancy students triumphed in the 25th National Mid-Year Convention hosted by the National Federation...

Read more

Caloocan LGU hails Sharpeedo Swim Team for winning in the Asian Open Schools Invitational Aquatics Championship

byJun David
March 19, 2023, 11:38 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The Caloocan City Government praised the Sharpeedo Swim Team for bringing home several awards from the Asian Open Schools Invitational...

Read more

Caloocan LGU provides free cervical cancer screening to more than 1,100 women 

byJun David
March 18, 2023, 11:13 pm
0
8
Southwoods nails Seniors’ Fil golf crown

A total of 1,102 patients underwent a free cervical cancer screening with breast examination and risk assessment during the simultaneous...

Read more

Atayde bats for moratorium on student loan payments 

byThe Standard
March 17, 2023, 10:31 am
0
8
Atayde bats for moratorium on student loan payments 

STUDENTS will no longer worry about paying their loans soon during times of calamities and emergencies, as Quezon City first...

Read more

Print Edition

View More

Recent Posts

  • Korean Cultural Center launches workshop on home-cooked Korean meals for Filipinos
  • MrBeast brings burger joint to Manila
  • Artist’s corner
  • The Cat’s Spleen: Anatomical Structure, Function, Ailments and Treatments
  • Pawsbook
  • Women YouTube content creators break barriers online and beyond
  • TW Steel launches new campaign ‘Time is Now’ in PH
  • HD Spikers turn back Cotabato Spikers, complete perfect season

Advertisement

Latest News

Women YouTube content creators break barriers online and beyond

byMST Tech
April 1, 2023, 10:51 am
0
8
Women YouTube content creators break barriers online and beyond

In YouTube’s Breaking Barriers Online and Beyond event, women content creators from several walks of life shared their inspiring stories on rising...

Read more

TW Steel launches new campaign ‘Time is Now’ in PH

byMST Tech
April 1, 2023, 10:49 am
0
8
TW Steel launches new campaign ‘Time is Now’ in PH

Time is the most precious commodity. The past three years have challenged individuals to look forward and take charge of...

Read more

HD Spikers turn back Cotabato Spikers, complete perfect season

byManila Standard Sports
April 1, 2023, 10:43 am
0
8
HD Spikers turn back Cotabato Spikers, complete perfect season

Cignal took the best dished out by Cotabato and proved again it’s better, carving out a 25-21, 22-25, 25-17, 28-30,...

Read more

TNT mauls Meralco, sets championship faceoff with Ginebra

byManila Standard Sports
April 1, 2023, 10:40 am
0
8
TNT mauls Meralco, sets championship faceoff with Ginebra

By Peter Atencio Rhondae Jefferson-Hollis banged in 42 points to go with eight rebounds, an assist, two blocks and a...

Read more

Notice of Postponement of Annual Stockholder’s Meeting- Asia Pacific Medical Center Iloilo

byManila Standard
April 1, 2023, 6:00 am
0
8
Notice of Postponement of Annual Stockholder’s Meeting- Asia Pacific Medical Center Iloilo

Notice of Postponement of Annual Stockholder’s Meeting

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App