PIA Press Release
Monday, January 16, 2012
Beat Jan. 20 deadline, Makati taxpayers toldby Jerome Carlo R. Paunan
MAKATI CITY, Jan. 16 (PIA) -- The local government today reminded business owners and real property taxpayers to beat the January 20 deadline for tax payments and renewal of business licenses to avoid penalties and avail themselves of discounts.
Makati Mayor Jejomar Erwin S. Binay Jr. said the Business Permits Office and the Real Property Tax Division will remain open beyond regular working hours and on weekends to accommodate clients until January 20, while the 14 satellite payment centers in the barangays will be opened on scheduled dates to accept realty tax payments.
The mayor said Makati offers a 10 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.
On the other hand, 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. (ICRD/RJB/JCP-PIA NCR)