Defining the News
The Makati City government has surpassed by 13 percent its P17.8-billion revenue target for 2023 and recorded a 41 percent increase in business tax collection in the third quarter of the year.
The Business Permit and Licensing Office reported a total of 3,791 new businesses registered and 35,440 renewed business permits as of the end of September. The new enterprises chalked up a total of P25.47 billion in capital investments, while total gross sales of existing businesses reached P1.65 trillion this third quarter.
City treasurer Jesusa Cuneta reported that Business Tax comprised the bulk of the revenue collection, followed by Real Property Tax with P6,013,599,432 which is 125 percent of the target and four percent higher than the same period last year. Makati continues to be among the few local government units in the country that are not dependent on the NTA .
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Makati exceeds 2023 revenue collection targetMakati City has already exceeded its P17.83 billion revenue target for 2023.
Read more »
US announces seizure of 17 website domains used by North Korea IT workersNorth Korea has 'flooded the global marketplace with ill-intentioned information technology workers to indirectly fund its ballistic missile program,' the US Justice Department says
Read more »
Ilocos Norte city gears up as smart, sustainable citySunStar Publishing Inc.
Read more »
Quezon City passes COA development fund review; Davao City flaggedThe Quezon City government, under Mayor Joy Belmonte, has passed the Commission on Audit review of the utilization of its P1.588-billion development fund for last year, while the Davao City government has been flagged for inappropriately charging from its 2022 DF P6.454 million worth of expenses not related to development projects.
Read more »
Raid on man’s house yields high-powered gunsCEBU CITY – High-powered firearms were recovered from the house of a man in Toledo City, Cebu on Tuesday night, October 17.
Read more »
Bautista Makati’s friendly neighborhood bars: Memento and Noona NeenaMemento It’s Tuesday, early evening, and I am seated all alone at one end of the bar at Memento, arguably the oldest bar along Bautista Street in Makati.
Read more »