Makati makes it easy for residents to pay their taxes
By ANNA LIZA VILLAS
MANILA, Philippines — To encourage its constituents to pay their taxes on time, the Makati City government announced that it will accommodate business owners and real property taxpayers beyond regular working hours and on weekends.
Makati Mayor Jejomar Erwin S. Binay Jr. said the extended operation of the Business Permits Office and the Real Property Tax Division will be until January 20 while 14 satellite payment centers in the barangays will also be opened on scheduled dates to accept realty tax payments.
The mayor said Makati offers a ten percent discount on realty taxes paid on an annual basis, and five percent for quarterly payments made during the first 20 days of the quarter. However, he said that annual realty tax payments made after March will be charged an eight percent penalty, while late quarterly payments will incur a penalty of two percent per month.
Binay also urged realty taxpayers to make use of the convenient option of paying at the nearest satellite payment center instead of going to City Hall. They only need to present their previous receipt, he said. Each transaction takes a maximum of four minutes with an electronic receipt issued from computers installed by the city government at the barangay halls.
Penalties on late payments of business taxes include a 25 percent surcharge and a two percent penalty per month of delay until the amount due is fully settled.
Meanwhile, the city’s Insurance Accreditation Committee released the list of 27 accredited insurance companies authorized to insure/sell comprehensive general liability insurance policies to business permits applicants for the year, which were duly approved by the City Council.
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