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PIA Press Release
2009/02/19

Bacolod business revenue collection to hit P300-M

Bacolod City (19 February) -- Business revenue collection in this city will increase by 11 to 12 percent despite the economic crunch sweeping across the globe and despite the deferment of the local revised revenue code that should have raised taxes for business operations.

"Despite deferment of revised revenue code the city tax collection will sustain its pattern of increased revenue collection by 11 to 12 percent," Business and Permits and Licensing Department Chief Ardis Jaculina, said.

She said from P240 million last year, this will rise to P300 million this 2009, she told PIA.

Jaculina expressed confidence the amount will be reached citing the opening of new establishments like Triangle Island- a leasing commercial complex at Narra- Lopez Jaena, the opening of East Point Hotel at the Circumferential Road and the extension of L' Fisher Hotel of 88 more rooms.

Meanwhile, the Management Information Technological Computer Services Department has already received 11,000 business applications for this year. At least 10,000 have already been assessed while 7,000 have already paid their financial requirements.

The One-Stop Shop Business application in SM Bacolod will continue to serve the business community here only until February 26.

The concept of housing all agencies under one roof makes getting business permit easier and is one of the best practices which the city was noted for by national business observers. (PIA-LOL) [top]

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