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QC extend deadline for biz tax payment
- Source: http://news.pia.gov.ph/article/view/231484898147/qc-extend-deadline-for-biz-tax-payment
- Sunday, January 22, 2017
- (QC PAISO/RJB/SDL/PIA-NCR)
QUEZON CITY (PIA)--Quezon City has extended the deadline for first quarter tax payments.
Taxpayers now have until February 3 to settle their tax obligations without penalties.
The extension is provided under City Ordinance 2550 which was approved by Mayor Herbert Bautista on January 16.
The deadline for the payment of business taxes in Quezon City has been extended from January 20 to February 3.
The grant of the extension was described as necessary to accommodate the large number of taxpayers who will be paying their business taxes, which continue to remain as major income source for the city.
The extension also proves necessary in providing taxpayers the opportunity to avail of the benefits of prompt payment under the city’s existing tax relief ordinances.
Mayor Bautista has ordered the extension of the working days and hours of the different offices involved in tax assessment and payments in time for the first quarter deadline for the payment of business taxes and fees.
Based on the January 18 collection report submitted by the city treasurer’s office, the city has already collected P814,066,328.41 in business taxes.
The amount posted was P58,036,429.56 more than what was collected by the city during the same period last year.
Section 167 of Republic Act 7160, otherwise known as the Local Government Code of 1991, provides that all local taxes, fees and charges shall be paid within the first 20 days of January or of each subsequent quarter but the Sangguniang Panlungsod may, for a justifiable reason or cause, extend the payment period not exceeding six months .
The ordinance, principally authored by Councilor Victor Ferrer, Jr., Franz Pumaren and Allan Benedict Reyes, was approved by the City Council on second reading during a special session on January 16 and was passed on third and final reading on the same date.