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PIA Press Release
2008/02/05

Oro earns P234-M in taxes in January

Cagayan de Oro City (5 February) -- THE city government of Cagayan de Oro earned a total of P234,859,991.41 in taxes for the month of January, this year.

Lino Daral, city treasurer, said last month's collection is 12.5 percent higher compared to the collection of the same period last year which only reached P208,607,918 or an increase of P26,252,074.35.

The city's income last month included collections from real property tax-P23,526,377.58; business tax- P159,073,031.67; community tax- P6,840,388.42; hospital fee-- P1,097,760.50; City Economic Enterprise Department-P5,302,901.60; West Bound Terminal and Public Market-P581,430.29; East Bound Terminal and Public Market-P172,872.00; Building Permits-P583,930.49 and other income-- P323,921.63.

The city also received its Internal Revenue Allotment of P51,402,704.00 from the national government for the month of January this year.

Daral added that a total of 10,213 business permits were issued during the said period while there are still business establishments which are yet to file their business permit renewal.

The city treasurer is positive that the city government's target collection of P1.3 Billion can be achieved at the end of the year.

Meanwhile, all stallholders in Carmen Market and West Bound Terminal can now process their renewal at the Carmen Market CEED office from February 4 to 12, 2008 while all the stallholders in the markets of Cogon, Agora, East Bound and Puerto can process their renewal at the Cogon Market CEED office where one-stop-processing centers are set-up by the city treasurer's office from February 12-29.

Daral urged the stallholders to renew their businesses during the collecting period to avoid paying a 25 percent surcharge and 2 percent penalty. (Cagayan de Oro City IO/PIA-MisOrOccCam i-Net) [top]

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